Tuesday, 27 September 2016

Crude Oil Futures Edge Lower on MCX


CapitalHeight
Crude oil futures edged lower on MCX as speculators exited positions in the energy commodity ahead of an informal meeting of top oil producers to discuss measures to stabilize oil prices including a possible production freeze, to help ease a global supply glut.  
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The contract for October delivery was trading at Rs 3052.00, down by 1.01% or Rs 31.00 from its previous closing of Rs 3083.00. The open interest of the contract stood at 20935 lots. 

The contract for November delivery was trading at Rs 3107.00, down by 0.92% or Rs 29.00 from its previous closing of Rs 3136.00. The open interest of the contract stood at 1745 lots on MCX.

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