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| Mcx crude tips |
Today, Price of Crude oil fell-down by 1.24 per-cent as markets reflected turmoil in China, with the Shanghai stock down more than 7 per-cent, and overall negative sentiment on demand which reduced the demand outlook for the fuel. Later today, Federal Reserve Bank of Atlanta President Dennis Lockhart is to speak with his comments to be closely watched.
At the MCX, September 2015 contract for crude oil futures were trading at Rs. 2,651 per barrel, down by 1.24 per-cent, after opening at Rs. 2,672 against its previous closing price of Rs. 2,684. It attained the intra-day low of Rs. 2,636 till the trading.Click Mcx crude tips
Today, At 11.28 AM. Previous week, crude oil futures tumbled to levels not seen since March 2009 on Friday, as gloomy manufacturing data from China added to concerns over slowing global growth and weak demand prospects. Manufacturing activity in China contracted at the fastest rate in six-and-a-half years in August month, exacerbating fears over a slowdown in the world’s 2nd-largest economy.
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