COMMODITY
Crude oil futures trade higher on firm demand
May-02-2024
Crude oil futures traded higher on MCX as speculators enlarged their positions on firm demand with expectations that the United States may start buying crude for its petroleum reserve. Weakness in US dollar also supported crude oil sentiments.

The contract for May delivery was trading at Rs 6646.00, up by 0.36% or Rs 24.00 from its previous closing of Rs 6622.00. The open interest of the contract stood at 12457 lots.

The contract for June delivery was trading at Rs 6618.00, up by 0.33% or Rs 22.00 from its previous closing of Rs 6596.00. The open interest of the contract stood at 1185 lots on MCX.

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