Tuesday, 9 June 2015

Free Mcx Commodity Tips and Guide on Energy

Crude Oil
Oil prices declined on Monday with WTI and Brent losing their value by 1.7 and 1 percent on slump in Chinese demand and worries that OPEC's decision to pump crude without restraint could prolong the current supply glut, although a weaker dollar limited losses.

On the MCX, oil prices declined by 0.3 percent to close at Rs.3731/bbl.

Natural gas
Natural gas prices on the NYMEX rose 5.08 percent on Monday due to bargain buying at lower levels while MCX gas prices also rose by 3.77 percent to close at Rs.173.20/MMbtu.

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