Crude oil futures edge higher on firm Asian trend

Crude oil futures edged higher on MCX as speculators created positions amid a firm trend in Asia, ahead of the US Department of Energy’s crude stockpiles report and a testimony in Congress by Federal Reserve chief Janet Yellen. The sentiments further improved as Ukraine continued its crackdown on separatists. The contract at for May delivery was trading Rs 6028.00, up by 0.37% or Rs 22.00 from its previous closing of Rs 6006.00. The open interest of the contract stood at 9217.00 lots. The contract for June delivery was trading at Rs 6012.00, up by 0.30% or Rs 18.00 from its previous closing of Rs 5994.00. The open interest of the contract stood at 1621.00 lots on MCX.