Crude oil futures rise on spot demand
Crude oil futures traded higher on MCX as participants increased their positions following a firm spot demand. Also, rise of bets by participants supported the crude oil prices to trade higher.
The contract for December delivery was trading at Rs 5267.00, up by 0.48% or Rs 25.00 from its previous closing of Rs 5242.00. The open interest of the contract stood at 10933 lots.
The contract for January delivery was trading at Rs 5281.00, up by 0.49% or Rs 26.00 from its previous closing of Rs 5255.00. The open interest of the contract stood at 6854 lots on MCX.
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