August 02, 2011

MCX Tips for 02 Aug | MCX Online News 02 Aug

MCX Crude oil fell on Monday's trading session. MCX crude at global market showed a fall in crude prices for September delivery which seen to fell 81 cents to settle at USD 94.89 a barrel on the New York Mercantile Exchange (NYMEX) . The price for crude was as high as USD 98.60 earlier in the session. 
The report  for Brent crude, is that brent crude used to price many international oil varieties, added 7 cents to settle at USD 116.81 a barrel on the ICE. Crude oil is likely to trade positive in the  near term at NYMEX and MCX as well amid optimism about US economy as policymakers are likely to reach a deal ahead of Aug.2 deadline. U.S. crude futures for September delivery dropped $1.03 to $94.67 a barrel by 1:56 p.m.  
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