WTI oil prices rose by around 9 percent on Wednesday to close at $49.4 per barrel its highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices.The Organization of the Petroleum Exporting Countries, which accounts for a third of global oil supply, agreed to cut production from January by around 1.2 million barrels per day (bpd), or over 3 percent, to 32.5 million bpd. On the MCX, oil prices rose by 8.5 percent to close at Rs.3377 per barrel.
For
COMMODITY TIPS ✆ – 0731-6642300
Connect with our social media sites
0 on: "EPIC RESEARCH MCX CRUDE OIL UPDATE OF 1 DECEMBER 2016"