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10-Sep2018

Crude oil futures edge higher on MCX

Crude oil futures edge higher on MCX as participants enlarged their holdings amid a firming trend overseas as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November.

The contract for September delivery was trading at Rs 4941.00, up by 1.19% or Rs 58.00 from its previous closing of Rs 4883.00. The open interest of the contract stood at 15600 lots.

The contract for October delivery was trading at Rs 4946.00, up by 1.23% or Rs 60.00 from its previous closing of Rs 4886.00. The open interest of the contract stood at 1883 lots on MCX.

 


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