Crude oil futures traded lower on MCX on the back of caution ahead of a spate of US economic data today including initial jobless claims, existing home sales, leading indicators and manufacturing for the month of May.
The contract for June delivery was trading Rs 6099.00, down by 0.52% or Rs 32.00 from its previous closing of Rs 6131.00. The open interest of the contract stood at 10665.00 lots.
The contract for July delivery was trading at Rs 6082.00, down by 0.51% or Rs 31.00 from its previous closing of Rs 6113.00. The open interest of the contract stood at 867.00 lots on MCX.
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