Friday, April 05, 2013

EPIC AGRI COMMODITY UPDATE: CRUDE OIL

Crude oil prices reversed its previous day’s losses, rising by 0.45 per cent on Friday at the domestic markets as traders keep an eye on the most significant of U.S. data points, the monthly employment data for March which the US Labor Department will release later today. At the MCX, crude oil futures for April 2013 contract were trading at Rs. 5,117 per barrel, up by 0.45 per cent, after opening at Rs. 5,103 against the previous closing price of Rs. 5,094. It touched the intra-day high of Rs. 5,129 till the trading. 

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