Crude oil futures edged lower on MCX after US crude oil stockpiles rose 3.49 million barrels last week. Further, weak demand for the commodity in US, world’s largest consumer of crude oil also impacted the trading sentiments.
The contract for June delivery was trading Rs 6057.00, down by 0.90% or Rs 55.00 from its previous closing of Rs 6112.00. The open interest of the contract stood at 10405.00 lots.
The contract for July delivery was trading at Rs 6044.00, down by 0.82% or Rs 50.00 from its previous closing of Rs 6094.00. The open interest of the contract stood at 962.00 lots on MCX.
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