Crude oil futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity
tracking gains in the overseas market after a report said that supplies at Cushing fell 989,000 barrels to 29.8 million barrels last week. Overall US
crude oil stockpiles rose 5.85 million barrels to 375.9 million barrels last week.
Crude oil futures may trade on a cautious note today ahead of the key US jobless claims and existing home sales data which may offer further cues
over the health of the US economy. At the MCX, Crude Oil futures, for the March 2014 contract closed at Rs 6,109 per barrel, up by 0.53 per cent,
after opening at Rs 6,055, against a previous close of Rs 6,077. It touched an intra-day high of Rs 6,135.
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