Crude oil up as hurricane Harvey approaches Texas
28/08/2017
Crude oil futures closed higher in the domestic market on Friday as investors tried to gauge the impact of a hurricane hurtling toward the Texas coast.Energy traders eyed developments tied to Tropical Depression Harvey and its potential to disrupt oil and gas activity in the Gulf of Mexico.
At the MCX, crude oil futures for September 2017 contract closed at Rs 3060 per barrel, up by 0.62 per cent, after opening at Rs 3060, against a previous close of Rs 3041. It touched the intra-day high of Rs 3073.
28/08/2017
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Crude oil futures closed higher in the domestic market on Friday as investors tried to gauge the impact of a hurricane hurtling toward the Texas coast.Energy traders eyed developments tied to Tropical Depression Harvey and its potential to disrupt oil and gas activity in the Gulf of Mexico.
At the MCX, crude oil futures for September 2017 contract closed at Rs 3060 per barrel, up by 0.62 per cent, after opening at Rs 3060, against a previous close of Rs 3041. It touched the intra-day high of Rs 3073.
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