Crude oil futures trade lower on MCX as speculators cut down their bets due to weak trend in the global markets where Oil prices retreated from multi-year highs, pulled back by an industry organization's comment that US crude stockpiles built unexpectedly last week.
The contract for May delivery was trading at Rs 4828.00, down by 0.45% or Rs 22.00 from its previous closing of Rs 4850.00. The open interest of the contract stood at 20800 lots.
The contract for June delivery was trading at Rs 4846.00, down by 0.47% or Rs 23.00 from its previous closing of Rs 4869.00. The open interest of the contract stood at 4875 lots on MCX.