India, March 15 -- Crude oil futures traded higher on MCX as speculators enlarged positions tracking firm trend overseas amid production cuts led by OPEC and as US sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019.

The contract for March delivery was trading at Rs 4071.00, up by 0.25% or Rs 10.00 from its previous closing of Rs 4061.00. The open interest of the contract stood at 15352 lots.

The contract for April delivery was trading at Rs 4107.00, up by 0.22% or Rs 9.00 from its previous closing of Rs 4098.00. The open interest of the contract stood at 1744 lots on MCX.

Published by HT Digital Content Services with permission from Accord Fintech....