Crude oil dips on rising US oil rig count 15/05/2017

Crude oil dips on rising US oil rig count
15/05/2017

Crude oil futures closed lower in the domestic market on Friday as the number of active U.S. rigs drilling for oil climbed by 9 to 712 rigs this week. The oil-rig count has climbed every week so far this year, except for one. The latest data showed a 17th weekly rise in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, rose 8 to 885.
At the MCX, crude oil futures for May 2016 contract closed at Rs 3062 per barrel, down by 0.87 per cent, after opening at Rs 3082, against a previous close of Rs 3089. It touched the intra-day low of Rs 3054.

*********************************************************************************

Today Other Postings - Click the below link

Currency Segment

Click Here : Free Currency Charts Live
Currency Market Support and Resistance Level : 15.05.2017
Currency Hedging Guide for Import and Export Trader : 15.05.2017
Commodity Segment

Click Here : Free Commodity Intraday Charts Live
Mcx Commodity Support and Resistance Levels : 15.05.2017
Mini Mcx Commodity Support and Resistance Levels : 15.05.2017

Equity Cash/Futures/Options Segment