Thursday, 8 December 2016

Sensex, Nifty, Midcap jump over 1%

Oil prices edged up in thin trading after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in US crude stocks. International Brent crude futures were trading up 4 cents at USD 53.04 a barrel after closing the previous session down 93 cents. US benchmark West Texas Intermediate crude oil prices gained 13 cents to USD 49.90 a barrel. Crude oil inventories in the United States dropped 2.4 million barrels in the week that ended on December 2, compared with analyst expectations for a draw of 1 million barrels. 

But stocks at the Cushing, Oklahoma, delivery hub for US crude futures, increased by a hefty 3.8 million barrels last week, the most since 2009, according to data from the US Energy Information Administration on Wednesday. Click here and watch out the best Share and Stock Market recommendations or One missed call on @9303093093

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