Crude oil prices reversed its previous day’s losses, rising by 0.46 per cent on Wednesday at the domestic markets after US crude oil stockpiles fell 2.6 million barrels last week, the American Petroleum Institute (API) said indicating improving demand for the fuel in the world’s biggest crude oil consuming nation. At the MCX, crude oil futures for July 2013 contract were trading at Rs. 6,271 per barrel, up by 0.46 per cent, after opening at Rs. 6,255 against the previous closing price of Rs. 6,242.GET FREE
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