Last Updated : March 11, 2010 15:45
Nymex Gasoline prices gain on rising crude oil
Gasoline prices closed higher yesterday supported by a slight gain in oil prices.
On NYMEX prices closed yesterday at $2.2851 up by 1.1 percent.
DOE report yesterday showed inventories declining by 2.959 million barrels which came positive for prices
OUTLOOK:
Prices are expected to trade higher supported by yesterdays report showing a decline in inventories. However in the evening oil prices may fluctuate which may result in gasoline prices following the trend as well.
Courtesy: Karvy Commtrade Ltd.
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MCX HEATING OIL 23 March 2012
contract was trading at
Rs 160.5 . What's your view on it?
