Thursday, 7 January 2016

Commodity News on Natural Gas and Crude Oil

Oil prices are trading lower today by 2.09 percent at $35.22 per barrel, while MCX oil prices is trading lower by 1.54 percent at Rs.2378 per barrel. Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran was seen extinguishing any chance of major producers cooperating to cut production in the face of mounting global over supply.

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