Commodity Tips: Crude oil prices rose by 1.38% on Thursday as investors saw a recent sell-off overdone and tension in the Middle East support prices. The Bank of Japan will release its latest monetary policy views followed by a press conference by Governor Haruhiko Kuroda. The central bank is assumed to hold policy steady on asset buying, but may highlight risks to meeting its 2% sustained inflation target.
At the MCX, crude oil futures for November 2015 contract were trading at Rs. 2,710 per barrel, up by 1.38%, after opening at Rs. 2,693 against the previous closing price of Rs. 2,673. It touched the intra-day high of Rupees 2,712 till the trading. (At 12.00 PM today).
Energy traders also kept a eye close on developments abroad after French authorities detained seven terrorist suspects and killed two others in raids on Wednesday in St. Denis.
At the MCX, crude oil futures for November 2015 contract were trading at Rs. 2,710 per barrel, up by 1.38%, after opening at Rs. 2,693 against the previous closing price of Rs. 2,673. It touched the intra-day high of Rupees 2,712 till the trading. (At 12.00 PM today).
Energy traders also kept a eye close on developments abroad after French authorities detained seven terrorist suspects and killed two others in raids on Wednesday in St. Denis.
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