Crude Oil Futures Climb 0.98% Amid Geopolitical Concerns

Crude oil futures were trading higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity on rising geopolitical concerns after US President Donald Trump’s decision of missile strike against an airbase in Syria.

The prices of crude rose in a knee-jerk reaction to the US strike decision, however, Syria has limited oil production, its location in the ME and alliances with big oil producers raised worries about spreading conflict that could disrupt crude shipments.

At the MCX, crude oil futures for April 2017 contract is trading at Rs 3384 per barrel, up by 0.98 per cent, after opening at Rs 3364, against a previous close of Rs 3351. It touched the intra-day high of Rs 3394.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: