Mcx Crude Oil Tips For Today
Oil prices edged up on Thursday as sentiment spread that a 20-month long market rout may have come to an end as production slows amid strong demand.
U.S. West Texas Intermediate (WTI) crude futures were trading at $34.73 per barrel at 0229 GMT, up 7 cents from their last settlement.
WTI has gained over a third in value since Feb. 11, when prices dropped to little more than $26 per barrels, levels not seen since 2003.
International Brent futures were up 3 cents at 36.96 a barrel, and up almost a quarter since Feb. 11.
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ReplyDeleteThe oil major reported a flat operating profit at Rs 9,136.2 crore, while margin dipped to 48.17 percent.
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