In the Multi Commodity Exchange (MCX) Crude oil futures traded lower, tracked by sluggish trend in overseas markets with Brent crude fall below USD 60 per barrel.
Crude Oil prices rose moderately on Friday overturning two days of fall in the last sessions led by steep falls in equity markets and clues that supply concerns have been overblown, but were still on track for a weekly decline. Brent crude futures 0.4% to USD 80.59 per barrel in Early trade Friday.
Crude Oil prices were stable on Wednesday on rising US supply, strong dollar drag and on hopes of a tighter market once US sanctions start targeting Iran’s petroleum industry from next month. WTI Crude futures spiked to a new 4-year Read more