MUMBAI (Commodity Online): Domestic crude oil futures are trading with mild losses Friday as the impacts of the late sell of continued to linger on the market.
MCX crude oil November contract fell to Rs 3749.00 a barrel. The far month contracts, December and January contracts, quoted at Rs 3781 and Rs 3807 a barrel respectively.
December crude oil on New York Mercantile Exchange (NYMEX) traded at USD 80.09 a barrel recovering from low of USD 79.66 a barrel.
Trade commodities or equities from across the globe. Join NowCrude oil reverted after falling yesterday as traders continued to eye the $80 threshold ahead of the US non-farm payrolls data. There is some optimism that fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world's biggest energy consumer.
The dollar traded little changed against the euro at $1.4885 after falling to one week low of $1.4917 yesterday. Meanwhile, yesterday, the U.S. Labor Department said that jobless claims were down 20,000 last week to 512,000, less than expected.
