Crude Oil Futures Rise on Spot Demand - PTI

Oct 03, 2024 13:43

Crude oil futures on the Multi Commodity Exchange rose Rs 33 to Rs 5,968 per barrel on Thursday, driven by firm spot demand and increased bets from participants. Global crude prices also saw gains.

New Delhi, Oct 3 (PTI) Crude oil futures on Thursday increased Rs 33 to Rs 5,968 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for October delivery traded higher by Rs 33 or 0.56 per cent at Rs 5,968 per barrel in 5,124 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading 1.31 per cent higher at USD 71.02 per barrel, while Brent crude was trading 1.22 per cent up at USD 74.80 per barrel in New York.

Source: PTI

MORE NEWS

PM Internship Scheme: Over 1.55 Lakh Candidates...

Over 1.55 lakh candidates have registered for the Prime Minister Internship Scheme,...

PM Modi to Inaugurate ITU Telecom Standard Meet...

Prime Minister Narendra Modi will inaugurate the first-ever ITU telecom standard...

Wipro to Consider Bonus Shares Ahead of Q2 Results

Wipro's board will meet on October 16-17 to consider a proposal for issuing bonus...

Jio Urges Minister's Intervention on Satcom...

Reliance Jio seeks Union Minister Scindia's intervention to ensure a level-playing...

India Bans Pocket Lighter Parts Import: Focus...

India restricts imports of pocket lighter parts, aiming to boost local manufacturing...

CCPA Orders Ola to Offer Refunds, Ride Receipts

India's consumer watchdog CCPA has ordered ride-hailing platform Ola to offer refund...

Indian Markets This Week: Earnings, Inflation &...

Analysts predict market movements this week driven by corporate earnings, inflation...

Kinetic Engineering Invests Rs 30 Cr in EV...

Kinetic Engineering will invest Rs 30 crore in its subsidiary Kinetic Watts and Volts...

ATS Homekraft Sells 340 Luxury Flats on Dwarka...

ATS Homekraft has sold all 340 luxury apartments in its new 'Sanctuary 105' project on...

ShakthiSAT: Training 12k Girls in Space Tech...

Space Kidz India launches 'ShakthiSAT', a global mission to train 12,000 girls in space...

Crude Oil Futures Rise on Spot Demand - PTI

You May Like To Read

MORE NEWS