Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
20 February, 2018 05:43 IST
Oil futures settle higher as U.S. crude output falls
Source: IRIS | 29 Jun, 2017, 08.30AM
Comments  |  Post Comment

Crude oil prices closed sharply higher in futures market on Wednesday, as U.S. government data revealed a sizable weekly decline in domestic crude production, although an unexpected rise in supplies kept gains in check.

Light sweet crude oil (WTI) futures rose 0.50 dollar or 1.13 percent to close at USD 44.74 a barrel at the New York-based commodity exchange NYMEX.

Brent crude oil futures went up 0.66 dollar or 1.41 percent to close at USD 47.31 a barrel at NYMEX. WTI-Brent spread was stable on Jun-2017.

Natural gas futures remained flat at 3.094 a gallon at the NYMEX. RBOB gasoline futures remained flat at 1.474 a gallon at the NYMEX.

In refined products, RBOB heating oil futures remained flat at 1.439 a gallon at the NYMEX.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Glenmark Pharma presents findings from Phase 2a study of GBR 830 - 19-Feb-2018 10:10
L&T Construction secures order worth Rs 16.80 bn - 19-Feb-2018 09:52
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer