Crude oil futures traded down on MCX after speculators trimmed positions in tandem with a weak trend in Asian trade as well as subdued demand from alloy makers. The sentiments weakened further after Japan's economy slumped to recession, while prospects for an OPEC output cut dimmed.
The contract for November delivery was trading Rs 4650.00, down by 0.13% or Rs 6.00 from its previous closing of Rs 4656.00. The open interest of the contract stood at 17528.00 lots.
The contract for December delivery was trading at Rs 4680.00, down by 0.17% or Rs 8.00 from its previous closing of Rs 4688.00. The open interest of the contract stood at 5727.00 lots on MCX.
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