
Crude Check: Oil Forming A Base
Crude oil prices witnessed considerable recovery last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($63.90/barrel) gained 4.2 per cent. Whereas the crude oil futures on the MCX (₹5,212/barrel) was up 5.5 per cent. Brent futures ($63.90) Brent crude oil futures bounced off $58.50 last week. Thus, the contract has ricocheted twice off this...
Read more