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Crude oil slips as Saudi oilfield to boost May output

Discussion in 'Stock Market Discussions' started by ritugautam, Apr 26, 2016.

  1. ritugautam

    ritugautam New Member

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    Crude oil prices fell by 0.66 per cent on Tuesday with few signals from Saudi Arabia that an excessive supply glut is about to level off anytime in the near-term future. At the MCX, crude oil futures for May 2016 contract were trading at Rs. 2,859 per barrel, down by 0.66 per cent, after opening at Rs. 2,877 against the previous closing price of Rs. 2,878. It touched the intra-day low of Rs. 2,853 till the trading.

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