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US Crude Oil slips on rise in output; MCX Crude Oil negative
July 25, 2013
7:14 am
Harrey Martin
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Forum Posts: 74
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May 8, 2013
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Crude oil futures for August delivery on India's Multi Commodity Exchange (MCX) was seen trading negative. Positive data releases from Europe and the United States failed to lift crude oil prices in the global market.

MUMBAI : US crude oil prices in the global market declined for a second day on Thursday and were seen extending their highest drop in more than a month as a result of higher than expected crude oil production recorded in the last week.

WTI crude oil futures for September delivery on NYMEX was seen trading down by 0.43% at $104.99 per barrel as of 10.00 AM IST on Thursday.

Also, crude oil futures for August delivery on India's Multi Commodity Exchange (MCX) was seen trading negative and prices may extent their loss during intra-day trade.

Read more: http://harreymartin.blurpalici…..l-negative

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