Crude oil futures traded lower on MCX as speculators trimmed positions amid a weak trend in Asian trade. Furthermore, US crude stockpiles increased by a larger-than-expected also impacted the trading sentiments.
The contract for June delivery was trading Rs 6103.00, down by 0.41% or Rs 25.00 from its previous closing of Rs 6128.00. The open interest of the contract stood at 10707.00 lots.
The contract for July delivery was trading at Rs 6089.00, down by 0.36% or Rs 22.00 from its previous closing of Rs 6111.00. The open interest of the contract stood at 951.00 lots on MCX.
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