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Monday, February 7, 2011

crude oil futures for March 2011 delivery

crude oil futures for March 2011 delivery : (AGI) Singapore - The price of oil is dropping to under 89 Dollars a barrel on Asian markets due to the crisis in Egypt. However, numerous OPEC member Countries expect a price hike to above 110 Dollars in case protests in Egypt persist. Crude oil with March delivery yields 38 cents to 88.65 Dollars a barrel while Brent gains 14 cents to 99.98 Dollars. . .

Crude palm oil futures down on subdued demand
New Delhi, Feb 7 (PTI) Crude palm oil traded marginally lower by Rs 1.60 to Rs 586.90 per 10 kg in futures trading today after speculators reduced their positions, tracking sluggish demand in the spot market against adequate stocks. At the Multi Commodity Exchange, crude palm oil for February contract declined by Rs 1.60, or 0.27 per cent, to Rs 586.90 per 10 kg, with a business turnover of five lots.

Similarly, the oil for delivery in March contract weakened by 60 paise, or 0.20 per cent, to Rs 592.50 per 10 kg, with a business volume of four lots.
Traders said subdued demand in the spot market against adequate stocks mainly put pressure on the crude palm oil futures prices. PTI KPS RS SUN

Commodities End Lower; Gold, Oil Finish Lower to Cap Volatile Week; Sugar Futures Jump
Light, sweet crude oil for March delivery finished down $1.51, or 1.7%, to $89.03 a barrel. In other energy futures, heating oil was down 1.41% to $2.72 a gallon while natural gas was down 0.37% to $4.32 per million British thermal units. For the latest updates PRESS CTR + D or visit Stock Market news Today

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