Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude oil futures trade higher on MCX

20-Mar2018

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX as speculators enlarged their positions due to concerns in the Middle East, where the United States may reimpose sanctions on Iran, as well as tensions between Saudi Arabia and Iran. Further, worries about Venezuela's tumbling crude production also supported oil markets. Though, rising output in the United States, capped some gains on Crude oil prices.

The contract for April delivery was trading at Rs 4103.00, up by 0.81% or Rs 33.00 from its previous closing of Rs 4070.00. The open interest of the contract stood at 18157 lots.

The contract for May delivery was trading at Rs 4106.00, up by 0.64% or Rs 26.00 from its previous closing of Rs 4080.00. The open interest of the contract stood at 1543 lots on MCX.


Related News

View all news

Crude palm oil futures trade lower on higher imports

Crude palm oil futures traded lower on MCX, with expectations of higher imports counting on lower tariff value. Moreover, muted demand from physical domestic markets with the surplus inventories weighed......

Crude oil futures settle lower on concern over tightening global supplies

Crude oil futures snapped four-day winning streak and ended slightly lower on Friday amid growing signs of tightening global supplies. Besides, renewed optimism about US-China trade talks and a report......

Crude oil futures end higher on Thursday

Crude oil futures ended higher for fourth straight day on Thursday after recent data revealed a weekly decline in domestic supplies. However, Brent crude ended lower in the wake of a reported delay in......

Top News

View all news

GRUH Finance receives no-objection from NHB for merger with Bandhan Bank

GRUH Finance has received receipt of 'No-objection' from NHB for the proposed scheme of amalgamation of GRUH Finance into and with Bandhan Bank. The company has also received receipt of 'No Objection'......

Karnataka Bank inks agreement with Karvy DigiKonnect for Contact Centre operations

Karnataka Bank has entered into an agreement with Karvy DigiKonnect for total Management of Contact Centre operations. The operation will be an effective interface between the Bank and millions of its......

IndusInd Bank inaugurates new branch in Boisar

IndusInd Bank has inaugurated a branch in Boisar, an upcoming industrial area situated in the Palghar district of Maharashtra. This is the Bank's first branch in this region and is located in the Ostwal......