CAPITALSTARS MCX COMMODITY CRUDE OIL NEWS UPDATE : 30 JULY 2019
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| Capitalstars Investment Advisor |
- Energy Preview: WTI Crude Near One Week High, MCX Futures Break Above Rs 3900 Per Barrel
- On the economic front, the UK mortgage approvals declined to the lowest since January, the Bank of England reported. Number of mortgage approvals in UK fell to 66,440 in June from 65,647 in May. Annual growth rate of mortgage lending in UK remained stable at 3.1%. UK consumer credit grew GBP 1.04 billion, which was bigger than the GBP 906 million increase registered a month ago. However, the annual growth rate eased to 5.5%. Value of retail sales in Japan was roughly unchanged in June on a seasonally adjusted basis, the Ministry of Economy, Trade and Industry said. Japan retail sales advanced 0.5% on a yearly basis following the upwardly revised 1.3% jump in the previous month.WTI Crude oil futures edged up near one week high as sentiments were mixed in global markets ahead of key central banking action. Traders eyed US Fed meet and the US-China trade talks. WTI Crude oil futures currently trade at $57.21 per barrel, up 0.60% on the day. MCX Crude oil futures closed at Rs 3905 per barrel, up 0.80% flat on the day after testing a low of Rs 3854 per barrel in intraday moves.
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