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07-May2019

Crude oil futures trade lower on weak global cues

Crude oil futures traded lower on MCX, tracking weakness in overseas prices as market participants mostly stayed on the sidelines eying fresh cues amid the re-emergence of US-China trade tensions.

The contract for May delivery was trading at Rs 4333.00, down by 0.3% or Rs 13.00 from its previous closing of Rs 4346.00. The open interest of the contract stood at 17616 lots.

The contract for June delivery was trading at Rs 4354.00, down by 0.34% or Rs 15.00 from its previous closing of Rs 4369.00. The open interest of the contract stood at 1042 lots on MCX.


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