Crude oil futures dipped marginally in the domestic market

Crude oil futures dipped marginally in the domestic market on Thursday as traders took profits after three sessions of gains, though prices remained close to their highest this year thanks to a fall in U.S. crude inventories and supply disruptions. Oil prices had gained ground after data on Wednesday from the U.S. Energy Information Administration (EIA) showed U.S. crude stocks last week fell 3.23 million barrels to 532.5 million, the third consecutive weekly fall. [EIA/S] At the MCX, Crude oil futures for June 2016 contract closed at Rs. 3,394 per barrel, down by 0.06 per cent, after opening at Rs. 3,421, against the previous closing price of Rs. 3,396. It touched the intra-day high of Rs. 3,439 at 04:09 p.m. Get More Updates Check Out Our Demo Call

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