Friday, 8 April 2016

Commodity Natural Gas and Crude Oil Market Prices

WTI oil prices are trading lower today by 0.1 percent at $37.80 per barrel, while MCX oil prices are trading higher by 0.2 percent at Rs.2520 per barrel. Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply.

Oil exports from Iraq's southern ports have risen to an average of 3.494 million barrels per day (bpd) in April, an official from the state-run South Oil Company said on Thursday. This was above the 3.286 million bpd average for March. 

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