Tuesday 25 March 2014

CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014: MCX CRUDE OIL



Crude oil futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer.

Crude oil futures may trade lower today ahead of data which may show that US crude oil stockpiles rose for the tenth week on the trot. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,024 per barrel, down by 0.99 per cent, after opening at Rs 6,077, against a previous close of Rs 6,084. It touched an intra-day low of Rs 5,994.

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