Free mcx tips - Oil prices increases an advance on Friday as an easing rout in China’s stock markets which rose for the second day on the trot stemmed concerns over energy demand in the world’s second biggest oil consumer.
Stocks in China flow on Friday as the country’s government managed to restart some confidence in the stock market after banning insiders from selling shares in listed companies while allowing banks to roll over loans backed by shares.
Stocks in China flow on Friday as the country’s government managed to restart some confidence in the stock market after banning insiders from selling shares in listed companies while allowing banks to roll over loans backed by shares.
Traders are also eying the consequence of talks between Iran and the West over the Islamic nation’s nuclear program with a deal likely to flood oil markets with millions of barrels of Iranian crude if sanctions against the country are lifted.
At the MCX, Crude oil futures, for the July 2015 contract, is trading at Rs 3,399 per barrel, up to 1.13 %, after opening at Rs 3,380, against the previous close price of Rs 3,361. It shifted intraday big of Rs 3,412. (At 12:09 PM).
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