Thursday, 16 February 2012

MCX Crude oil News




MCX Crude oil futures slipped in the Asia trading today as traders booked profit after the counter surged to near $102 a barrel levels. Also the losses in Asian equities and strength in the US dollar pressurized the crude oil futures. 

Asian shares traded mostly lower Thursday, as investors fretted about the possibility of a messy Greek default, although Japanese shares got some support from a relatively weak yen. The Australian S&P/ASX 200 index dropped 1.5%, the South Korean Kospi fell 1%, and Hong Kongs Hang Seng Index declined 0.5%. 

MCX benchmark crude futures may start todays session below Rs 5020 levels with support around Rs 4990 levels. 

www.goldennifty.com

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