Crude Oil Futures Rise on Spot Demand - PTI
Jul 01, 2024 13:09
Crude oil futures prices increased on the Multi Commodity Exchange due to firm spot demand and increased bets by participants. WTI and Brent crude also rose in New York.
New Delhi, Jul 1 (PTI) Crude oil prices on Monday increased Rs 50 to Rs 6,855 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for July delivery traded higher by Rs 50 or 0.73 per cent at Rs 6,855 per barrel in 4,548 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up by 0.71 per cent to USD 82.16 per barrel, and Brent crude traded 0.68 per cent higher at USD 85.60 per barrel in New York.
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