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Crude oil futures trade higher on MCX

01 Oct 2019 Evaluate

Crude oil futures traded higher on MCX with offloading of bets amid report that OPEC oil production dipped to an eight-year low in September after attacks on Saudi oil plants trimmed production, deepening the impact of a supply pact and US sanctions on Iran and Venezuela.

The contract for October delivery was trading at Rs 3894.00, up by 0.36% or Rs 14.00 from its previous closing of Rs 3880.00. The open interest of the contract stood at 19515 lots.

The contract for November delivery was trading at Rs 3905.00, up by 0.39% or Rs 15.00 from its previous closing of Rs 3890.00. The open interest of the contract stood at 1057 lots on MCX.