02.14 per cent to Rs 4,273 per barrel on Monday as speculators created fresh positions on firm global cues.43 per cent to USD 60.On the Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 358, or 9. Meanwhile, Brent crude, the international benchmark rose 10.
Crude oil prices witnessed a sharp spike following the weekend drone attack on Saudi Arabian oil facilities, cutting global energy supplies and reportedly halving the kingdom39;s production.New Delhi: Crude oil prices rose 9.
Analysts said raising of bets by participants mainly kept crude prices to trade higher.On the China Wood plastic crust foam screw barrel Manufacturers Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 358, or 9.69 per barrel in New York.
The West Texas Intermediate was trading higher by 9.end-ofTags: crude oil, multi commodity exchange, brent crude, west texas intermediateLocation: India, Delhi, New Delhi.Analysts said raising of bets by participants mainly kept crude prices to trade higher.14 per cent to Rs 4,273 barrel in 51,535 lots.14 per cent to Rs 4,273 barrel in 51,535 lots.74 per cent to USD 66.
That points to a 2020 surplus of about 70,000 bpd, which is less than indicated in previous reports.Optimism that the United States and China may soon sign an agreement to end their trade war helped support prices after White House economic adviser Larry Kudlow said a deal was “getting close”, citing what he called very constructive discussions with Beijing.2 million barrels, the Energy Information Administration said, exceeding the 1. stockpiles, something that would often lead investors to sell.8 million bpd, the EIA said in its weekly report.58 million bpd next year, 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.The rosy mood came after the Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday it expected demand for its oil to fall in 2020.West Texas Intermediate crude was up 21 cents, or 0.“There’s no reason to extend the cuts, we all know the economies are softening,” he said