Monday, January 25, 2016

Mcx crude Oil climbs further on short-covering
Mcx crude tips
Mcx Crude oil futures expanded gains in early Asian trade today on short-covering requirement, with both Brent & united states crude nearUSD 32.50 a barrel.

Mcx : Oil prices overflow by 10 per-cent on Friday last week, one of the highest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be ended.

Brent LCOc1 had climbed 33 cents a barrel to USD 32.51 as of 08:37 p.m. EST on yesterday after reaching to USD 32.69 a barrel earlier the session. It settled at USD 32.18 a barrel in the previous session.

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