The bourse said it has deposited payin and payout including Rs 242 crore to clearing members.

Unlike the Nymex one, MCX trading system is not equipped to handle trades quoting below zero.

Brokers might seek legal remedy to stop settlement which will happen at 11 am Wednesday

MCX’s clearing corporation fixed the provisional due date rate at Re 1 on Monday post closing.

The intraday price of the near month contract on commodity exchange MCX was Rs 4786/bbl.

An interesting divergence was witnessed between crude futures traded on Nymex and on MCX, a mirror contract of the former.

Oil on Nymex fell to $26.19 a bbl on Wednesday, its lowest since May 8, 2003. Tracking this, crude on MCX plummeted to a seven-year low.

Even as crude tumbled to a six year low of $34.67, US-based Nymex advised clients to build risky, bearish bets in crude for 2-fold returns.

The crude contract on MCX is a paper one that takes price cues from the contract on Nymex, a designated marketplace of the CME group, the w...

Although Nymex crude was rangebound for over 3 years moving in band of $114 – 75 per barrel, it appears to be nearing its major low.

At some point, market will take cognizance of higher crude prices & markets all over the globe will correct. So we are probably heading bac...

Brent is heading back towards 118 to 120. Now NYMEX crude is stabilising above 100.

Till the time crude does not decline substantially, the oil companies in India will not benefit much because most of them are PSU and have ...

NYMEX has crossed a resistance level which was around 95-96, so in a sense it is in a short term uptrend.

Oil marketing companies (OMCs) will rally as well, so OMCs are decent trade to be in. They will at least protect your capital.

Oil marketing company stocks probably would continue to be in a downtrend and could be your bet.

Crude oil on MCX dipped to Rs 2,602 per barrel from Rs 2,610 in the January contract in the session ended at 5 pm on Thursday on the back o...