Crude oil futures declined on MCX as data showing a slowdown in China's giant economy sparked concerns about weak demand. Further, expectations that Libyan oil will return to the market after rebels lifted a blockade of crude terminals also dampened the sentiments.
The contract for April delivery was trading at Rs 6229.00, down by 0.27% or Rs 17.00 from its previous closing of Rs 6246.00. The open interest of the contract stood at 11605.00 lots.
The contract for May delivery was trading at Rs 6203.00, down by 0.27% or Rs 17.00 from its previous closing of Rs 6220.00. The open interest of the contract stood at 1466.00 lots on MCX.
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