Tuesday, July 09, 2013

EPIC AGRI COMMODITY UPDATE:CRUDE OIL



Crude oil prices fell for the second day on Tuesday at the domestic markets as a decline in German exports and industrial production in May signaled doubts over the health of Europe’s biggest economy, dampening the demand prospects for the fuel. Overseas shipments fell 2.4 per cent in May 2013 over the previous month, while industrial output declined 1 per cent. At the MCX, crude oil futures for July 2013 contract were trading at Rs. 6,211 per barrel, down by 0.62 per cent, after opening at Rs. 6,244 against the previous closing price of Rs. 6,250GET FREE

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