Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jul 11, 2024 13:48
Crude oil futures prices increased on the Multi Commodity Exchange (MCX) on Thursday, driven by strong spot demand. Read more about the price gains and global crude oil market trends.
![Crude Oil Futures Rise on Spot Demand - PTI](https://im.rediff.com/money/2018/may/28oil.jpg)
New Delhi, Jul 11 (PTI) Crude oil prices on Thursday increased Rs 38 to Rs 6,896 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for July delivery traded higher Rs 38 or 0.03 per cent at Rs 6,896 per barrel in 5,007 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 0.67 per cent to USD 82.65 per barrel, and Brent crude traded 0.67 per cent higher at USD 85.65 per barrel in New York.
On the Multi Commodity Exchange, crude oil for July delivery traded higher Rs 38 or 0.03 per cent at Rs 6,896 per barrel in 5,007 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 0.67 per cent to USD 82.65 per barrel, and Brent crude traded 0.67 per cent higher at USD 85.65 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
![Sensex, Nifty Hit...](https://im.rediff.com/80-80/money/2017/mar/16bse4.jpg)
Sensex, Nifty Hit Record Highs for 3rd Day |...
Indian stock markets closed at new highs on Tuesday, driven by gains in FMCG, telecom,...
![India's Gems...](https://im.rediff.com/80-80/money/2023/jan/27jewelry.jpg)
India's Gems & Jewelry Exports Decline...
India's gems and jewellery exports dropped 13.44% in June to Rs 15,939.77 crore,...
![Paytm Shares...](https://im.rediff.com/80-80/money/2021/jul/02paytm.jpg)
Paytm Shares Decline After Sebi Warning
Paytm parent firm One 97 Communications shares fell over 2% after receiving an...