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12-Feb2019

Crude oil futures trade up on MCX

Crude oil futures traded up on MCX, as speculators enlarged their exposure amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although surging US production and concerns over economic growth, capped some gains.

The contract for February delivery was trading at Rs 3741.00, up by 0.59% or Rs 22.00 from its previous closing of Rs 3719.00. The open interest of the contract stood at 14835 lots.

The contract for March delivery was trading at Rs 3784.00, up by 0.53% or Rs 20.00 from its previous closing of Rs 3764.00. The open interest of the contract stood at 1369 lots on MCX.


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