Crude oil futures edge higher on firm global cues

24-Jan-2020 16:45 Hrs IST

Crude oil futures edged higher on MCX as speculators enlarged their positions, tracking firm trend at global markets following a drawdown in US crude stocks despite worries over coronavirus in China that has killed 26 people and the number of confirmed cases now stands at 830.The contract for February delivery was trading at Rs 3954.00, up by 0.59% or Rs 23.00 from its previous closing of Rs 3931.00. The open interest of the contract stood at 29085 lots.The contract for March delivery was trading at Rs 3967.00, up by 0.51% or Rs 20.00 from its previous closing of Rs 3947.00. The open interest of the contract stood at 1347 lots on MCX.

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