Crude Oil Futures Rise on Spot Demand - PTI
Jan 02, 2024 15:06
Crude oil prices surged in futures trade on Tuesday, driven by robust spot demand. Read more about the price increase and global market trends.
New Delhi, Jan 2 (PTI) Crude oil prices on Tuesday increased Rs 33 to Rs 6,060 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 33, or 0.55 per cent, at Rs 6,060 per barrel in 14,358 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 1.21 per cent to USD 72.52 per barrel, and Brent crude traded 1.40 per cent higher at USD 78.12 per barrel in New York.
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