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21-Mar2018

Crude oil futures edge up on MCX

Crude oil futures edged up on MCX as speculators enlarged their positions, lifted by tensions in the Middle East. Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday arrived in Washington for a state visit, raising speculation the United States could reimpose sanctions on Iran, following renewed criticism of the 2015 nuclear deal. Though, rising output in the United States, capped some gains in Crude oil prices.

The contract for April delivery was trading at Rs 4160.00, up by 0.02% or Rs 1.00 from its previous closing of Rs 4159.00. The open interest of the contract stood at 24661 lots.

The contract for May delivery was trading at Rs 4164.00, up by 0.12% or Rs 5.00 from its previous closing of Rs 4159.00. The open interest of the contract stood at 1853 lots on MCX.


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