Crude oil futures ended on a flat note in the domestic market on Monday as investors and speculators stayed cautious of booking fresh positions in the energy commodity amid speculation that talks between Russia and the US may ease the crises over Ukraine, defusing worries over supply of the fuel, given that Russia is the world’s biggest crude oil producer.
Crude oil futures may fall today amid speculation that US crude oil stockpiles rose for an eleventh straight week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,119 per barrel, up by 0.07 per cent, after opening at Rs 6,106, against a previous close of Rs 6,115. It touched an intra-day high of Rs 6,139.
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