{"id":348355,"date":"2020-04-27T10:25:32","date_gmt":"2020-04-27T04:55:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348355"},"modified":"2020-04-27T10:48:59","modified_gmt":"2020-04-27T05:18:59","slug":"singed-brokers-suspend-trading-in-crude-oil-futures","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/singed-brokers-suspend-trading-in-crude-oil-futures\/","title":{"rendered":"Singed, brokers suspend trading in crude oil futures"},"content":{"rendered":"<p>Brokers are now restricting clients from trading in crude oil futures after prices crashed to historic lows last week. On Sunday, many brokers, including Mumbai-based Angel Broking, said they had temporarily suspended trading in crude oil futures as the price slipped into the negative territory recently. <\/p>\n<p>Last week, a few brokers suffered losses of more than \u20b9442 crore as they were holding open positions on the Multi Commodity Exchange (MCX) in the crude oil contracts when the price of the commodity in the US turned negative. The loss could be higher if one considers 80 per cent crash in crude oil from the top, and the figure for retail and high net worth investors may run into few thousands of crore, brokers say.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brokers are now restricting clients from trading in crude oil futures after prices crashed to historic lows last week. On Sunday, many brokers, including Mumbai-based Angel Broking, said they had temporarily suspended trading in crude oil futures as the price slipped into the negative territory recently. Last week, a few brokers suffered losses of more than \u20b9442 crore as they were holding open positions on the Multi Commodity Exchange (MCX) in the crude oil contracts when the price of the commodity in the US turned negative. The loss could be higher if one considers 80 per cent crash in crude [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-348355","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348355"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348355\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}