Crude oil futures jumped over 2 per cent in the domestic market on Thursday amid hopes that Brits will chose their country to remain a part of the EU in yesterday’s referendum, bolstering the appetite for risky assets.
Investors are wagering that support for the U.K. to stay in the 28-nation group has gained traction, stoking appetite for assets perceived as risky, including oil futures.
At the MCX, Crude oil futures for July 2016 contract closed at Rs. 3,361 per barrel, up by 2.03 per cent, after opening at Rs. 3,301, against the previous closing price of Rs. 3,294. It touched the intra-day high of Rs. 3,375.
Investors are wagering that support for the U.K. to stay in the 28-nation group has gained traction, stoking appetite for assets perceived as risky, including oil futures.
At the MCX, Crude oil futures for July 2016 contract closed at Rs. 3,361 per barrel, up by 2.03 per cent, after opening at Rs. 3,301, against the previous closing price of Rs. 3,294. It touched the intra-day high of Rs. 3,375.
Read More - Mcx Crude tips
0 comments:
Post a Comment