Crude oil rises shaking off weakness from Trump tweet
23/04/2018
Crude oil rises shaking off weakness from Trump tweet
23/04/2018 07:33
Crude oil futures closed higher in the domestic market on Friday shaking off earlier weakness sparked by a tweet from U.S. President Donald Trump, to finish higher for the week. Trump had taken to Twitter early Friday to blame the Organization of the Petroleum Exporting Countries for artificially high prices. Geopolitical tensions in the Middle East have largely driven the price rise this month, including the U.S.-led strike on the Syrian regime last week in retaliation for a suspected chemical-weapons attack in the country. At the MCX, crude oil futures for April 2018 contract closed at Rs 4544 per barrel, up by 0.33 per cent, after opening at Rs 4529, against a previous close of Rs 4529. It touched the intra-day high of Rs 4546.
23/04/2018
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Crude oil rises shaking off weakness from Trump tweet
23/04/2018 07:33
Crude oil futures closed higher in the domestic market on Friday shaking off earlier weakness sparked by a tweet from U.S. President Donald Trump, to finish higher for the week. Trump had taken to Twitter early Friday to blame the Organization of the Petroleum Exporting Countries for artificially high prices. Geopolitical tensions in the Middle East have largely driven the price rise this month, including the U.S.-led strike on the Syrian regime last week in retaliation for a suspected chemical-weapons attack in the country. At the MCX, crude oil futures for April 2018 contract closed at Rs 4544 per barrel, up by 0.33 per cent, after opening at Rs 4529, against a previous close of Rs 4529. It touched the intra-day high of Rs 4546.
