Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jun 12, 2024 13:42
Crude oil prices climbed Rs 44 to Rs 6,570 per barrel in futures trade on Wednesday, driven by a firm spot demand, according to PTI.
![Crude Oil Futures Rise on Spot Demand - PTI](https://im.rediff.com/money/2016/jan/15oil.jpg)
New Delhi, Jun 12 (PTI) Crude oil prices on Wednesday climbed Rs 44 to Rs 6,570 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for June delivery traded higher Rs 44 or 0.67 per cent at Rs 6,570 per barrel in 7,228 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil rose 0.76 per cent to USD 78.49 per barrel, and Brent crude traded 0.56 per cent higher at USD 82.38 per barrel in New York.
On the Multi Commodity Exchange, crude oil for June delivery traded higher Rs 44 or 0.67 per cent at Rs 6,570 per barrel in 7,228 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil rose 0.76 per cent to USD 78.49 per barrel, and Brent crude traded 0.56 per cent higher at USD 82.38 per barrel in New York.
Source: PTI
Read More On:
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...