Monday, 3 November 2014

Latest News on Crude Oil

Oil prices traded lower for most of the last week extending a run of losses on concerns over growing oil supply. Growth concern in global economy, slow demand from Asia, inventory buildup in the US further added pressure.

Oil prices in the international markets declined by 0.58 percent and closed at $80.54/bbl. On the MCX, crude prices declined by 0.74 percent taking cues from weak international markets and closed at Rs.4931/bbl.

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