Continuing its slide, crude oil futures prices fell marginally by 0.04 per cent to Rs 4,960 per barrel today as speculators engaged in reducing their positions amid a weak trend in the Asian trade on continued Euro zone worries.
At the Multi Commodity Exchange, crude oil for delivery in June shed Rs 2 or 0.04 per cent to Rs 4,960 per barrel with an open interest of 2,158 lots.
Similarly, July delivery moved down by Re 1, or 0.02 per cent, to Rs 5,003 per barrel, with an open interest of 185 lots.
Marketmen said the fall in crude oil futures prices was mostly attributed to a weakening trend in Asian trade with prices hitting multi-month lows as Spain’s banking woes intensified worries about the Euro zone.
Meanwhile, crude oil for delivery in July was down 24 cents to $87.58 per barrel, lowest level since October on the New York Mercantile Exchange.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
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WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.