Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!

Crude oil futures trading flat in the afternoon on October 22

The value of the November contract traded so far is Rs 2,497.09 crore, while the December contract saw value of Rs 11.53 crore

October 22, 2019 / 03:11 PM IST

Crude oil futures turned choppy and were trading flat at Rs 3,813 per barrel on October 22. The subdued overseas trend was due to the global economic slowdown and despite signs of progress in the US-China trade talks.

On the Multi Commodity Exchange (MCX), crude oil for delivery in the December contracts climbed by Rs 9 or 0.24 percent, to Rs 3,833 per barrel with a business turnover of 283 lots.

The crude for delivery in the November contracts gained by Rs 7 or 0.18 percent, to Rs 3,817 per barrel with a business volume of 21,058 lots.

The value of the November contract traded so far is Rs 2,497.09 crore, while the December contract saw value of Rs 11.53 crore.

MCX Crude Oil has support at Rs 3,760-3,730, whereas resistance remains at Rs 3,860-3,890, according to Motilal Oswal. The brokerage firm said bias remained sideways for the day.

Close
In the international market, Brent crude oil futures were marginally up by 17 cents or 0.29 percent, at $59.13 a barrel by 0900 am GMT, while in the US West Texas Intermediate (WTI) crude futures was up by 10 cents or 0.2 percent, at $53.41 per barrel.
Moneycontrol News
first published: Oct 22, 2019 03:11 pm

stay updated

Get Daily News on your Browser
Sections