Crude oil down as traders weigh Harvey’s effect
04/09/2017
Crude oil futures closed lower in the domestic market on Friday as traders weighed storm system Harvey’s effect on crude production and refinery demand in the Gulf of Mexico region.Gasoline futures, meanwhile, eased back for the session, but still posted a gain of more than 13% for the week as refinery output remained crippled in the wake of the storm.At the MCX, crude oil futures for September 2017 contract closed at Rs 3022 per barrel, down by 0.53 per cent, after opening at Rs 3018, against a previous close of Rs 3038. It touched the intra-day low of Rs 2984.
04/09/2017
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Crude oil futures closed lower in the domestic market on Friday as traders weighed storm system Harvey’s effect on crude production and refinery demand in the Gulf of Mexico region.Gasoline futures, meanwhile, eased back for the session, but still posted a gain of more than 13% for the week as refinery output remained crippled in the wake of the storm.At the MCX, crude oil futures for September 2017 contract closed at Rs 3022 per barrel, down by 0.53 per cent, after opening at Rs 3018, against a previous close of Rs 3038. It touched the intra-day low of Rs 2984.
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