Crude Oil Futures Rise on Spot Demand | PTI
Crude oil prices climbed Rs 24 to Rs 6,571 per barrel in futures trade on Tuesday, driven by a firm spot demand. Read more on PTI.
New Delhi, May 28 (PTI) Crude oil prices on Tuesday climbed Rs 24 to Rs 6,571 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 24 or 0.37 per cent at Rs 6,571 per barrel in 6,458 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up 1.48 per cent to USD 78.87 per barrel, and Brent crude traded 0.13 per cent higher at USD 83.21 per barrel in New York.
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 24 or 0.37 per cent at Rs 6,571 per barrel in 6,458 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up 1.48 per cent to USD 78.87 per barrel, and Brent crude traded 0.13 per cent higher at USD 83.21 per barrel in New York.
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