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Crude oil rises as OPEC touts compliance to cuts, Have a Look!

Crude oil rises as OPEC touts compliance to cuts, Have a Look!

Crude oil futures ended bigger in the domestic market on Monday as investors bid up futures contracts on the heels of growing optimism about compliance to a global pact to curb crude output.

For this week, oil traders will be eyeing the weekly U.S. crude inventories & production report as well as the China’s February manufacturing figures as a gauge for global oil supply and demand.

At the MCX, crude oil futures for March 2016 contract ended at Rs 3624/barrel, upward by 0.25 %, after opening at Rs 3620, against a last close of Rs 3615. It touched the intra-day high of Rs 3652.

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