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THIS MORNING, PROMPTED BY INCREASING CONCERNS ABOUT TERRORISM, OIL PRICES REACHED A RECORD HIGH AS THE COST OF A BARREL OF CRUDE IS A WHOPPING $44.34. WOW, IT SEEMS SHOCKING THAT A PRODUCT OF FINITE SUPPLY GETS MORE EXPENSIVE THE MORE WE USE IT. NOW THE TERROR ALERT MEANS HIGHER OIL PRICES, WHICH ODDLY ENOUGH MEANS HIGHER PROFITS FOR OIL COMPANIES GIVING THEM MORE MONEY TO GIVE TO POLITICIANS WHOSE POLICIES MAY FAVOR THE OIL COMPANIES SUCH AS RAISING THE TERROR ALERT LEVEL. AS SIMBA ONCE TOLD US: “IT’S THE CIRCLE OF LIFE.” – JON STEWART
Crude Oil Rate
(Expiry: 19-Jul-2018 | Exchange: MCX | Head: Oil & Energy)
MCX
03.23PM IST | 23 Jun, 2018
4675.00
Per 1 BBL
Change
179.00 (3.98%)
Volume
179156
Open
4506.00
Prv. Close
4496.00
Spot
4470.00
Day's Trend
Day:4488.004680.00
Contract:3759.0039650.00
Average Price (Rs/1 BBL ):4576.55
Open Interest (Contracts):18539
Open Interest Change %:0.00 %
Best Buy Price (Rs/QTY):4675.00/57
Prem/Disc:
Spread:
Unit:BBL
Lot Size:100
Tick Size:100
Best Sell Price (Rs/QTY):4676.00/1