CRUDE OIL
Crude oil prices rose by 0.78 percent on Thursday at the domestic markets after US crude stockpiles fell last week while refineries upped operating capacity, signaling a pickup in fuel demand in the world’s biggest oil consumer. US oil stockpiles fell 3.06 million barrels to 382.4 million barrels in the week ended January 2, 2015, the EIA said. Refineries in the US operated at 93.9 percent of their capacity last week, up 0.5 percentage points from the previous week.
Crude oil prices rose by 0.78 percent on Thursday at the domestic markets after US crude stockpiles fell last week while refineries upped operating capacity, signaling a pickup in fuel demand in the world’s biggest oil consumer. US oil stockpiles fell 3.06 million barrels to 382.4 million barrels in the week ended January 2, 2015, the EIA said. Refineries in the US operated at 93.9 percent of their capacity last week, up 0.5 percentage points from the previous week.
At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,101 per barrel, up by 0.78 percent, after opening at Rs. 3,102 against the previous closing price of Rs. 3,077. It touched the intra-day low of Rs. 3,091 till the trading.
LEAD
Lead prices fell by 0.17 percent on Thursday at the domestic markets as a stronger U.S. dollar boosted by the diverging policy outlook between the Federal Reserve and central banks in Europe and Japan and concerns that Greece might exit the euro zone hit sentiment.
Lead prices fell by 0.17 percent on Thursday at the domestic markets as a stronger U.S. dollar boosted by the diverging policy outlook between the Federal Reserve and central banks in Europe and Japan and concerns that Greece might exit the euro zone hit sentiment.
At the MCX, Lead futures, for the January 2015 contract, is trading at Rs 116.25 per kg, down by 0.17 percent, after opening at Rs 116.80, against a previous close of Rs 116.45. It touched an intra- day low of Rs 115.95 till the trading.
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