mcx commodity tips
Crude oil futures slid by 0.17 % to Rs 2,943/barrel today among a weak trend in Asian markets. At the MCX, crude oil for delivery in February eased by Rs 5, or 0.17 %, to Rs 2,943 / barrel in 1,702 lots. The March contract of oil shack Rs 4, or 0.13 %, to Rs 3,014 per barrel in 45 lots. Analysts said a weak trend in Asian trade as dealers await a much-except European Central Bank policy meeting and the release of the latest US supply report kept crude oil futures prices under pressure here. At global level, the West Texas median crude for March delivery was down 36 cents to USD 47.42 while Brent crude for March eased 13 cents to USD 48.90/barrel in late morning trade on the New York Mercantile Exchange.
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