Saturday, March 5, 2011

MCX tips>>Crude oil futures end bullish with modest gains

Crude oil futures ended on a bullish note towards the end of Multi Commodity Exchange (MCX) Saturday session taking global cues. NYMEX crude oil traded higher throughout the week hitting record high above USD 104/ barrel as unrest continued to soar in Libya.   
 
March crude oil at New York Mercantile Exchange (NYMEX) ended at USD 104.91 [+3.00] a barrel.

MCX crude oil March contract ended at Rs 4,732 [+34.00] a barrel. Far month contracts April and May contracts settled at Rs 4,809 [+39.00] and at Rs 4,862 [+38.00] a barrel respectively. 

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