On Thursday, Oil prices knock down to near USD 74 a barrel as the dollar reinforced and rising crude inventories in the U.S. suggest demand remains weak.
On the New York Mercantile Exchange, by early afternoon in Europe, benchmark crude for November delivery was downhill 55 cents to USD 74.16 a barrel in electronic trading. On Wednesday, the contract had lost 26 cents to resolve at USD 74.71.
Heating oil fell 0.65 cent to USD 2.1134 a gallon and gasoline lost 0.51 cent to USD 1.9145 a gallon, in other Nymex trading in October contracts. Natural gas added 2.7 cents to USD 3.946 per 1,000 cubic feet.
On the ICE Futures exchange, In London, Brent crude fell 29 cents to USD 77.66 a barrel.
Newer news items:
- In MCX, Aluminium on a pessimistic Tone
- Oil price resolve near to USD 77 a barrel
- Mentha oil futures fragment downhill
- Crude oil trades at approximately USD 74.89/bbl
- BMD CPO futures upbeat 1.7%; Dalian, demand perspective
Older news items:
- Oil bounds more than USD 77 a barrel
- Oil scales to near USD 76 a barrel
- Oil cascades near to USD 75 a barrel
- Buy MCX gold Oct agreement at Rs 18,870
- Oil cascades near to USD 72 a barrel
