Crude oil futures edge higher on MCX

Crude oil futures edged higher on MCX as investors and speculators booked fresh positions in the energy commodity as continued shutdowns in oil fields in Libya by protestors resulted a dip in the county’s oil production, raising supply fears over the fuel. The contract at for May delivery was trading Rs 5997.00, up by 0.40% or Rs 24.00 from its previous closing of Rs 5973.00. The open interest of the contract stood at 9109.00 lots. The contract for June delivery was trading at Rs 5992.00, up by 0.44% or Rs 26.00 from its previous closing of Rs 5966.00. The open interest of the contract stood at 1523.00 lots on MCX.