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Crude oil futures trade higher amid firm overseas trend
Jul-12-2019

Crude oil futures traded higher on MCX, as speculators enlarged their positions tracking firm trend at overseas markets as US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East.

The contract for July delivery was trading at Rs 4156.00, up by 0.58% or Rs 24.00 from its previous closing of Rs 4132.00. The open interest of the contract stood at 23348 lots.

The contract for August delivery was trading at Rs 4176.00, up by 0.65% or Rs 27.00 from its previous closing of Rs 4149.00. The open interest of the contract stood at 1192 lots on MCX.

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