Oil prices fell Monday after weaker-than-expected manufacturing data from China intensified concerns about the global economy. Benchmark oil for October delivery was down 16 cents at $96.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.85 to finish at $96.47 per barrel Friday in New York.
Sharp decline in crude oil. Last week Crude has fallen about 9 percent. On MCX crude oil slipped about 2.5 percent has come down to Rs 2800. On Nymex the crude price has come down to $ 46.8, while Brent crude below $ 55 seems. - See more at: http://ways2capital-mcxtips.blogspot.in/2015/03/crude-oil-slipped-25-ways2capital.html#sthash.3BFmhwXJ.dpuf
Crude oil prices are getting some support on global market due to fall in crude oil stock of US World's largest consumer of crude oil. Crude oil trading near $ 41 per barrel with a marginal gain of 30 cents on NYMEX. This recovery of global market may led in domestic market too. Crude oil could be gained on MCX. Although Crude prices fell from their intraday resistance of 2800... Read more here- http://www.pinnaclefinancial.in/blog/economic-data-release-us-crude-stocks-declined/