Date: 24.01.2012
Goldennifty said, MCX Crude oil futures were flat in the Asia electronic trades on Tuesday after surging nearly 1.5% yesterday as the European Union imposed an import ban on Iranian oil, leading to concerns about supplies.
Today the WTI light sweet oil futures are trading at $99.56 down 2 cents. MCX Crude for March delivery gained $1.25, or 1.3%, to end at $99.58 a barrel on the New York Mercantile Exchange.
Today the WTI light sweet oil futures are trading at $99.56 down 2 cents. MCX Crude for March delivery gained $1.25, or 1.3%, to end at $99.58 a barrel on the New York Mercantile Exchange.
A heavy week of earnings, including reports from Apple, Yahoo, Ford, Netflix and McDonalds, will vie with a two-day Federal Reserve meeting for investor’s attention next week.
MCX benchmark crude futures may start todays session below Rs 5000 levels with support around Rs 4960 levels. www.goldennifty.com
MCX benchmark crude futures may start todays session below Rs 5000 levels with support around Rs 4960 levels. www.goldennifty.com
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