Wednesday, 29 April 2015

Daily Crude Oil Updates

Crude Oil
Crude oil prices rose marginally on Tuesday with WTI and Brent gaining by 0.1 and 0.4 percent respectively. After an early rally, selling pressure grew as investors worried about record high U.S. stockpiles. After the market closed, the American Petroleum Institute (API), an industry group, reported that U.S. crude inventories rose to a record high for the 16th straight week.

On the MCX, oil prices rose by 0.4 percent to close at Rs.3626/bbl.

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