Crude oil futures edge lower on weak Asian trend

Crude oil futures edged lower on MCX after speculators reduced exposures amid weak trend in Asian trade. However, the escalating Ukraine crisis following a deadly gunfight over the weekend limited the further losses in commodity prices in future trade. The contract for April delivery was trading at Rs 6283.00, down by 0.06% or Rs 4.00 from its previous closing of Rs 6287.00. The open interest of the contract stood at 8720.00 lots. The contract for May delivery was trading at Rs 6257.00, down by 0.16% or Rs 10.00 from its previous closing of Rs 6267.00. The open interest of the contract stood at 4868.00 lots on MCX.