Crude oil faces resistance on MCX

Crude oil futures closes at Rs 3,551 per barrel ON 24/12/2020. Crude oil prices rose in UK because of Brexit deal with the EU and also because of restriction imposed due rising COVID-19 cases in UK. Crude oil ended with a decline of 1.67% or Rs. 42. The prices declined for 3 out of 4 times in trading sessions. US has increased its crude oil digging from 1 to 264 rigs in the week on 23/12/2020

 

 

 

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