Crude oil futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as
stockpiles in Cushing, Oklahoma fell for the eighth straight week while gasoline demand in the US rose to the highest level in three months, signaling
upbeat fuel consumption in the world’s biggest oil consumer, the US.
At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,040 per barrel, up by 0.27 per cent, after opening at Rs 6,020, against a
previous close of Rs 6,024. It touched an intra-day high of Rs 6,052.
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