Friday, December 16, 2016

Petroleum: Crude oil futures down by 1.03 % in Noon

Crude oil futures fall by more than 1 per cent during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the energy commodity as US dollar strengthened after US Fed’s interest rate hike verdict.

At the MCX, for December 2016 crude oil futures contract is trading at Rs 3,451 per barrel, downward by 1.03 per cent, after opening at Rs 3,482, against a last close of Rs 3,487. It touched the intra-day lower of Rs 3,447.

Read More – Crude Oil Updates