Home / MCX Energy / MCX Crude oil decline 0.5% to Rs 6,058 per barrel

MCX Crude oil decline 0.5% to Rs 6,058 per barrel

MCX Crude oil futures down by 0.5% to Rs 6,058 per barrel in Asian trade.

Oil prices rebounded in Asian trade today on bargain hunting following sharp falls stoked by turbulence in global financial markets, as nervous traders await the US Federal Reserve’s next move on its stimulus programme.

At MCX, crude oil for February delivery declined 30 rupees, or 0.5% to Rs 6,058 per barrel.

New York’s main contract, West Texas Intermediate (WTI) for March delivery, was up nine cents at $95.81 in mid-morning trade while Brent North Sea crude for March gained 26 cents at $106.95.

Reported News Source: PTI 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Your email address will not be published.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>