anant1a
March 11th, 2008, 10:08 AM
Crude moves in tandem with US economic reports
Crude oil was little changed in New York after falling from a record as a report showed the US shed jobs last month, signaling demand may slow in the world's biggest energy-consuming country.
Crude oil for April delivery traded at $104.91 a barrel, down 24 cents, at 11:42 a.m. Singapore time in electronic trading on the New York Mercantile Exchange. On March 7, the contract rose to a record $106.54 a barrel before settling at $105.15 a barrel.
In India, the active March expiry Crude Oil contract on MCX was last traded at Rs.4262 a barrel.
The market opened at Rs. 4263 a barrel, from previous day’s close of Rs. 4269. Crude Oil recorded a high and low of Rs.4274 and Rs.4260 respectively.
The open interest in the March expiry contract stood at 1188100 barrels
Crude oil was little changed in New York after falling from a record as a report showed the US shed jobs last month, signaling demand may slow in the world's biggest energy-consuming country.
Crude oil for April delivery traded at $104.91 a barrel, down 24 cents, at 11:42 a.m. Singapore time in electronic trading on the New York Mercantile Exchange. On March 7, the contract rose to a record $106.54 a barrel before settling at $105.15 a barrel.
In India, the active March expiry Crude Oil contract on MCX was last traded at Rs.4262 a barrel.
The market opened at Rs. 4263 a barrel, from previous day’s close of Rs. 4269. Crude Oil recorded a high and low of Rs.4274 and Rs.4260 respectively.
The open interest in the March expiry contract stood at 1188100 barrels