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10-Aug2018

Crude oil futures trade tad lower on MCX

Crude oil futures traded marginally lower on MCX, as participants trimmed positions amid escalating trade dispute between Washington and Beijing and increasing output by OPEC producer Iraq. Although, some losses were restricted by worries that renewed US sanctions against Iran will tighten supplies.

The contract for August delivery was trading at Rs 4598.00, down by 0.09% or Rs 4.00 from its previous closing of Rs 4602.00. The open interest of the contract stood at 12491 lots.

The contract for September delivery was trading at Rs 4567.00, down by 0.13% or Rs 6.00 from its previous closing of Rs 4573.00. The open interest of the contract stood at 2132 lots on MCX.


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