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Friday, March 7, 2014

How Crude Oil and Natural Gas prices are calculated in MCX:



Quoted Unit for crude oil is barrel in international prices and mcx exchange.
Quoted Unit for Natural gas it is MMBTU (Million Metric British Thermal Units)
Price is dependent on:
  • International Price: You can get it from www.pricegroup.com
  • USD to INR rate conversion: You can get it from www.xe.com
  • Supply and Demand in trading


How to calculate:
Calculation Formula for Crude Oil and Natural Gas = (International Price) x (USD to INR rate conversion) INR
  • Crude Oil: (73.67 x 45.8702) = 3377.03 INR
  • Natural Gas: (4.006 x 45.8702)= (35182.43)/1000 = 183.63 INR
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