COMMODITY UPDATES AND MARKET TREND ON CRUDE OIL : PremiumStock&CommodityTips CALL @ 08040751836
Oil prices extended gains after rising nearly six per cent on Wednesday after OPEC struck a deal to limit crude output..
Brent crude was up 0.02 per cent at $48.70 a barrel, adding to overnight gains of 5.9 per cent.
US crude added 0.3 per cent to $47.17 a barrel after rising 5.3 per cent on Wednesday, when it hit its highest since September 9.
Crude oil rose 0.44 per cent to Rs 2,988 per barrel in futures market today as speculators widened their bets, taking positive cues from the Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 13, or 0.44 per cent, to Rs 2,988 per barrel, in a business turnover of 6,574 lots.
Likewise, the oil for delivery in far-month November gained Rs 10, or 0.33 per cent, to Rs 3,042 per barrel in 221 lots.
Crude Oil MCX Oct : Buy
Target : Rs- 3195
Stoploss : Rs- 3060
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