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Mcx tips - Crude Oil Gains On OPEC Supply Decline.

Discussion in 'Stock Market Discussions' started by Harish, Mar 1, 2016.

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  1. Harish

    Harish New Member

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    Mcx tips - Crude oil prices rose by 0.60 per cent on Tuesday after Saudi Arabia promised to cooperate with other major producers in renewed efforts to limit extreme volatility on global oil markets. Investors reacted to bullish supply data and further indications that Saudi Arabia would work collaboratively with other major oil producers to help bring some stability to the struggling oil market. At the MCX, crude oil futures for March 2016 contract were trading at Rs. 2,335 per barrel, up by 0.60 per cent, after opening at Rs. 2,327 against the previous closing price of Rs. 2,321. It touched the intra-day high of Rs. 2,336 till the trading.



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