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MCX Crude trades tad higher against global cues

2009-07-02 12:53:18
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MUMBAI: Crude oil is trading down in the international market on Thursday on the back of US inventories data that showed an unexpected increase in the petrol stockpiles. Meanwhile domestic crude futures are trading with minor gains.

MCX July crude oil futures are trading up Rs 13 at Rs 3315 per barrel. If the counter fails to break the Rs 3345 level today then it may claw back to 3255 levels.

US crude for August delivery edged down 12 cents to $US69.19 a barrel in afternoon trade. The contract settled 58 cents lower at $US 69.31 on Wednesday.

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Gasoline stockpiles in the world's top consumer rose by 2.3 million barrels last week, , data from the US Energy Information Administration showed.

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