Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX as investors and speculators booked fresh positions in the energy commodity due to the fears that deepening unrest in Ukraine may worsen the countries ties with Russia, the world’s biggest energy exporter as well as raising concerns over global crude oil supplies. The contract for June delivery was trading Rs 6172.00, up by 0.41% or Rs 25.00 from its previous closing of Rs 6147.00. The open interest of the contract stood at 11725.00 lots. The contract for July delivery was trading at Rs 6145.00, up by 0.33% or Rs 20.00 from its previous closing of Rs 6125.00. The open interest of the contract stood at 1024.00 lots on MCX.