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17-Aug2016

Crude oil futures trade tad lower on weak Asian cues

Crude oil futures traded marginally lower on MCX as investors and speculators exited positions in the energy commodity after oil prices fell in Asian markets as investors booked profits from recent gains, but stayed above $46 on hopes producers would decide to freeze output at a meeting next month.

The contract for August delivery was trading at Rs 3100.00, down by 0.13% or Rs 4.00 from its previous closing of Rs 3104.00. The open interest of the contract stood at 21757 lots.

The contract for September delivery was trading at Rs 3155.00, down by 0.13% or Rs 4.00 from its previous closing of Rs 3159.00. The open interest of the contract stood at 5704 lots on MCX.

 


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