MCX Crude oil trades flat around Rs 5220 per barrel

MCX Crude oil futures saw very tight movement and currently trade at Rs 5222 per barrel, almost unchanged on the day. WTI crude has slipped in volatile trades recently but could find some support due to falling US crude inventories. Energy Information Administration (EIA) said yesterday that the US Crude oil inventories fell by 1.9 million barrels to 422.9 million barrels in the week ending December 26. Oil fell around 20% in last year.

Powered by Commodity Insights