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Thursday, Mar 31, 2005

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Record volume in MCX crude oil April contract

Our Bureau

Mumbai , March 30

AFTER witnessing a record delivery performance and settlement in the gold and silver contracts, Multi Commodity Exchange of India (MCX) has registered a record daily turnover of Rs 114.90 crore in the crude oil April contract as on March 23 with average daily volumes of Rs 70 crore.

MCX has also recorded average daily volumes of 4 lakh barrels with an open interest position of equal volume size, MCX release said. Organic growth in volumes at MCX was driven on sound fundamentals and in commodities with global reference ability.

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