Friday, October 14, 2011

MCX Crude Oil Report For Today

Crude : Oil dropped for a second day in New York after signs of weakening gasoline demand in the U.S. and slowing Chinese exports stoked speculation that demand may falter in the world’s largest consumers of crude. Futures slipped as much as 1.1 percent after American Petroleum Institute data showed U.S.gasoline demand fell the most in more than five years. In China, exports climbed the least since February last month as imports slowed, data from the customs bureau showed today. Brent oil in London was at the highest premium to New York crude in five weeks. MCX Crude Oct is trading at `4164, it is trading down by `41.

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