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Crude oil futures trade down on profit booking

Crude oil futures traded down on MCX as speculators booked their profits at prevailing higher levels. Meanwhile, Crude oil at overseas markets was trading firm on expectations for a continued dovish statement from the Fed after the Federal Open Market Committee (FOMC) meeting later this week is pressurizing the US dollar and giving a lift to most commodities.

The contract for March delivery was trading at Rs 4049.00, down by 0.22% or Rs 9.00 from its previous closing of Rs 4058.00. The open interest of the contract stood at 10369 lots.

The contract for April delivery was trading at Rs 4086.00, down by 0.17% or Rs 7.00 from its previous closing of Rs 4093.00. The open interest of the contract stood at 4238 lots on MCX.

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