Crude oil futures closed lower in the domestic market on Friday as the number of active U.S. rigs drilling for oil climbed by 9 to 712 rigs this week. The oil-rig count has climbed every week so far this year, except for one. The latest data showed a 17th weekly rise in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, rose 8 to 885.
At the MCX, crude oil futures for May 2016 contract closed at Rs 3062 per barrel, down by 0.87 per cent, after opening at Rs 3082, against a previous close of Rs 3089. It touched the intra-day low of Rs 3054.