Prices had suffered
losses in earlier trading on the back of a second straight weekly hike in U.S.
crude supplies and review that Trump’s win would lead to more production and join
to the nation’s glut of oil supplies.
At the MCX, crude oil
futures for Nov. 2016 contract closed at Rs 3036 per barrel, upward by 0.90 %,
after opening at Rs 3000, against a last close of Rs 3009. It touched the
intra-day higher of Rs 3058.
