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Crude oil futures marginally rose on MCX on account of firm
demand at domestic as well as overseas markets due to escalating tensions in
the Middle East and after Israel said its ceasefire with Lebanese armed group
Hezbollah was violated. Meanwhile traders watched for any further clues to
OPEC+’s production plans after it delayed a key meeting by four days.
The contract for December delivery was trading at Rs
5852.00, up by 0.14% or Rs 8.00 from its previous closing of Rs 5844.00. The
open interest of the contract stood at 10460 lots.
The contract for January delivery was trading at Rs 5842.00, up by 0.03% or Rs 2.00 from its previous closing of Rs 5840.00. The open interest of the contract stood at 1033 lots on MCX.
Source: Ace Equity
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