crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consuming nation. US crude oil stockpiles rose 680,000 barrels to 389.1 million barrels last week, the American Petroleum Institute (API) said in a report on Tuesday. At the MCX, Crude Oil futures, for the May 2013 contract, is trading at Rs 5,173 per barrel, up by 0.10 per cent, after opening at Rs 5177, against a previous close of Rs 5,168.
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