Crude oil futures were trading lower during the late morning trade in the domestic market on Thursday mirroring a sell-off across fellow Asian peers on speculation about a pick-up in production while global worries over Britain's possible exit from EU and a weaker-than-forecast fall in US stockpiles.
The fall in crude oil prices were in line with a sell-off on equities markets from Asia to the Americas on worries about the global economy, Britain's future in the European Union and ease in demand
At the MCX, Crude oil futures for June 2016 contract is trading at Rs 3,196 per barrel, down by 1.30 per cent, after opening at Rs 3,212, against the previous closing price of Rs 3,238. It touched the intra-day low of Rs 3,191 (At 11:46 hours).
NTPC 4.45%, SBIN 3.64%, LT 3.62%, Power Grid 2.69%, Maruti 2.61% performance is really appreciative. They played really well in the market. Market analyst should offer best stock tips on these stock to trade and earn good profit.
ReplyDelete