Mcx crude tips : Prices of Crude Oil edged high on today, regaining from near 11-year lows in the previous session as concerns over growing supply and rising stock levels outweighed tensions between key Middle East producers.
A rift between Iran & Saudi Arabia over the Saudi execution of a Shi'ite cleric failed to boost prices this week, as it appeared to put an end to speculation that OPEC members could agree production cuts to lift prices.
Crude oil for Feb delivery was 19 cents high at $36.16 a barrel at 0124 GMT, after sliding 79 cents in the last session. Brent crude prices went up by 18 cents at $36.60 a barrel, after ending down by 80 cents.
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A rift between Iran & Saudi Arabia over the Saudi execution of a Shi'ite cleric failed to boost prices this week, as it appeared to put an end to speculation that OPEC members could agree production cuts to lift prices.
Crude oil for Feb delivery was 19 cents high at $36.16 a barrel at 0124 GMT, after sliding 79 cents in the last session. Brent crude prices went up by 18 cents at $36.60 a barrel, after ending down by 80 cents.
Click For Free Trial
Contact No. 9977785000
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