Crude Oil Futures Rise on Spot Demand - PTI

By By Rediff Money Desk, New Delhi
Aug 26, 2024 14:07
Crude oil futures prices gained on the Multi Commodity Exchange, driven by increased spot demand. West Texas Intermediate and Brent crude also saw gains globally.
New Delhi, Aug 26 (PTI) Crude oil prices on Monday increased Rs 74 to Rs 6,367 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for September delivery traded higher Rs 74 or 1.18 per cent at Rs 6,367 per barrel in 9,061 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 1.16 per cent to USD 75.70 per barrel, and Brent crude traded 1.11 per cent higher at USD 79.90 per barrel in New York.
Source: PTI
Read More On:
crude oilfuturesspot demandmulti commodity exchangeenergy
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Global Trends & Earnings Drive Market This...

Equity markets will be influenced by global trends, FII activity, and Q3 earnings, with...

CCI Clears Coal India in E-Auction Scheme Case

India's competition watchdog CCI dismissed a complaint against Coal India's e-auction...

HDFC Bank Loan Growth Rises 3% in Q3

HDFC Bank reports a 3% increase in loan growth in the December quarter, reaching Rs...

IDBI Bank Reports 18% Loan Growth in Q3

IDBI Bank saw an 18% increase in loan growth during the December quarter, reaching Rs...

Adani Wilmar Q3 Sales Up 6% & Revenue 33%:...

Adani Wilmar reported a 6% rise in sales volumes and a 33% increase in revenue in Q3,...

Sebi Drops Case Against Karvy Capital in AIF...

Sebi has dropped a show cause notice against Karvy Capital and its officials for...

Nipha Group Invests Rs 180 Crore in Expansion

Nipha Group, an Indian engineering firm, announces a Rs 180 crore expansion plan over...

Bullion Rates Today: Gold, Silver Prices in...

Check the latest bullion rates in Bengaluru for gold and silver. Get the current prices...

Air India Transformation: Tata Sons Committed...

Tata Sons Chairman N Chandrasekaran outlines plans to transform Air India into a...

Plywood, MDF Industry Embraces Quality Control...

India's plywood and MDF board industry has embraced mandatory quality control norms...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com