Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
The International Energy Agency (IEA) said that while it was ‘far too soon’ to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a 4th consecutive month in November, with another decline projected for December.
However, rising US crude and gasoline inventories restricted further rise in prices of crude oil.
At the MCX, crude oil futures for February 2017 contract is trading at Rs 3582 per barrel, up by 0.67 per cent, after opening at Rs 3570, against a previous close of Rs 3558. It touched the intra-day high of Rs 3585 (at 13:43 hours).
