Monday, February 20, 2012

MCX Crude Updates For Today: 20th Feb '12

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International market price of Brent crude has reached the highest level of 9 months. Nearly 121 per barrel price of Brent crude reached record levels. The Brent crude on the foot is about 1.5 per cent.
In the oil‐seeds complex prices as expected, have recovered in the last futures expiry, from around support levels and trend still looks positive on the back of increase in demand from local buyers as well as exporters and in addition to that lower supplies in the domestic markets & firm trend in the global markets, is likely to remain supportive to the current up move in prices.
International crude oil has recovered strongly. NYMEX crude oil shot up nearly 2 percent while prices rose to above 105 dollars a barrel is Prki. Last week, almost 1 per cent in the domestic market with MCX crude oil closed at Rs 5187.

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