Energy Sector and Oil Futures Update for Commodity Traders: Nirmal Bang
Natural Gas, which remained laggard, also rose by Rs. 1.2 on MCX. U. S. inventories of crude oil fell more than expected last week as imports remained relatively low, the American Petroleum Institute said on Wednesday.U. S. crude futures rose on Wednesday as the crude inventories fell more than expected. It rose by $1 and closed the day at $63.45. Fall in gasoline inventories also supported the upside in crude prices.