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09-Aug2018

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX, as participants raised bets on concerns about Iranian crude supplies as the US hit Tehran with renewed sanctions. However, escalating China-US trade dispute and worries over China's demand, capped some gains.

The contract for August delivery was trading at Rs 4601.00, up by 0.68% or Rs 31.00 from its previous closing of Rs 4570.00. The open interest of the contract stood at 13532 lots.

The contract for September delivery was trading at Rs 4572.00, up by 0.68% or Rs 31.00 from its previous closing of Rs 4541.00. The open interest of the contract stood at 2394 lots on MCX.


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