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12-Sep2018

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX as participants enlarged their holdings after oil prices surged overseas following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tightening supplies, with top producer Russia warning of a 'fragile' global crude market.

The contract for September delivery was trading at Rs 5086.00, up by 0.83% or Rs 42.00 from its previous closing of Rs 5044.00. The open interest of the contract stood at 16035 lots.

The contract for October delivery was trading at Rs 5090.00, up by 0.77% or Rs 39.00 from its previous closing of Rs 5051.00. The open interest of the contract stood at 3099 lots on MCX. 


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