Home / MCX Energy / MCX Crude February futures down 0.29% on weak Asian cues

MCX Crude February futures down 0.29% on weak Asian cues

Crude futures declined 0.29 percent is currently to Rs 6,138 per barrel as speculators cut positions amid a weakening trend in the Asian markets.

At  at 1:00 PM January 31, 2014 on  MCX, Crude Oil February delivery fell by Rs 18, or 0.29 per cent, to Rs 6,138 per barrel in 2062 lots.

Similarly, the oil for delivery in March delivery fell 20 rupees, or 0.32 percent, to 5,344 rupees per barrel in 103 lots.

The trading sentiment turned shaky after oil prices fell in thin Asian trade as investors took profits, marketmen said.

on NYMEX main contract West Texas Intermediate crude for March delivery fell seven cents to $ 98.16 a barrel in late morning trade.

Reported News Source: Economic Times

Click for Get trial free MCX Tips

About Narmada Ji

Myself Technical Analyst and Owner Investment Growth Services (100mcxtips.com). 100McxTips is a Market Leader MCX Commodity Advisory, which has a strong hold in offering trusted MCX Tips and accurate as well as Commodity Market Tips. For more mcx, commodity market news by 100McxTips, follow us on Twitter @100mcxtips and on Facebook at facebook.com/100mcxtips.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>