Crude oil futures up on MCX by admin- Thursday, December 2nd, 2021 07:55:06 AM
December crude oil futures turned into up four.9 in keeping with cent at ₹5,136 against the previous close of ₹4,896.
Crude oil futures persisted their upward trend on the Multi Commodity Exchange (MCX) on Wednesday afternoon. The December futures traded at ₹5,136 as towards the previous ultimate of ₹4,896, up by way of 4.Ninety in step with cent.
This follows the OPEC (Organisation of Petroleum Exporting Countries) and different producers beneath OPEC+ plans to preserve meetings on Wednesday and Thursday to decide the deliver of crude oil in January.
The February Brent oil futures have been buying and selling at $seventy one.84, up with the aid of 3.Seventy seven in line with cent, the January crude oil futures on WTI have been buying and selling at $68.50, up by three.51 in keeping with cent. Brent crude oil futures had gone below $sixty eight in the preceding consultation, hitting a three-month low.
Many market participants felt that the OPEC individuals meeting ought to restrain the deliver of crude oil in January.
On MCX, the December herbal gas futures have been buying and selling at ₹330.80 in the afternoon on Wednesday, down through four.Sixty seven consistent with cent, towards the previous close of ₹347.
The January contracts of US natural gasoline had been trading at $4.398 on NYMEX, down by means of three.70 per cent.