Mcx crude tips & updates : Prices of Crude Oil prices locked high in the domestic market on yesterday after US(United States) consumer confidence improved unexpectedly in September month, boosting optimism over the health of the economy and supporting the case for a US interest rate hike this year which raised the demand for the fuel. The Conference Board, a market research group, told its index of consumer confidence went up to 103.0 current month from a reading of 101.3 in August month, whose figure was revised from a previously reported 101.5.
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| mcx crude tips |
Furthermore, Eurozone economic confidence went-up to a 4-year high in September on improved industrial and service-sector sentiment The consumer and executive confidence index rose to 105.6 this month from a revised 104.1 in August, the European Commission said yesterday. At the MCX, Crude oil futures, for the October 2015 contract, closed at Rs 3,026 per barrel, up by 1.95 per-cent, after opening at Rs 2,968, against the last locked price of Rs 2,968. It attained an intraday high of Rs 3,033.
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