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07-Sep2016

Crude oil futures trade higher on firm Asian trade

Crude oil futures traded higher on MCX as speculators raised their bets amid a firm trend in Asian trade on the back of a weaker dollar, but scepticism that key producers will agree to limit output at an upcoming meeting capped some gains.

The contract for September delivery was trading at Rs 2993.00, up by 0.98% or Rs 29.00 from its previous closing of Rs 2964.00. The open interest of the contract stood at 23221.00 lots.

The contract for October delivery was trading at Rs 3050.00, up by 0.96% or Rs 29.00 from its previous closing of Rs 3021.00. The open interest of the contract stood at 2628.00 lots on MCX.


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