Thursday, 18 February 2016

Commodity Natural Gas and Crude Oil Report

Crude Oil
Oil prices traded lower on Tuesday, with Brent prices declining by around 4.6 percent to close at $30.6 per barrel after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.

On the MCX, oil prices declined by 2.2 percent to close at Rs.1992 per barrel.

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