Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jul 12, 2024 13:06
Crude oil futures prices increased on the Multi Commodity Exchange on Friday, driven by firm spot demand and increased bets from participants. WTI and Brent crude also saw gains in global markets.
New Delhi, Jul 12 (PTI) Crude oil prices on Friday increased Rs 52 to Rs 6,945 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 52 or 0.75 per cent at Rs 6,945 per barrel in 6,967 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 0.73 per cent to USD 83.22 per barrel, and Brent crude traded 0.59 per cent higher at USD 85.90 per barrel in New York.
On the Multi Commodity Exchange, crude oil for July delivery traded higher Rs 52 or 0.75 per cent at Rs 6,945 per barrel in 6,967 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 0.73 per cent to USD 83.22 per barrel, and Brent crude traded 0.59 per cent higher at USD 85.90 per barrel in New York.
Source: PTI
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
- AvanceTechnologies
- 0.94 ( -4.08)
- 36935326
- Vodafone Idea L
- 7.88 ( -2.11)
- 35484083
- Srestha Finvest
- 0.68 (+ 3.03)
- 30298217
- ARC Finance
- 2.78 (+ 2.96)
- 16033600
- Suzlon Energy Ltd.
- 62.50 ( -6.49)
- 13725252
MORE NEWS
Haryana CM Assures Adequate DAP Fertilizer...
Haryana Chief Minister Nayab Singh Saini assures farmers of adequate DAP fertiliser...
SBI Donates Rs 1.5 Cr to Social Organizations...
SBI Chairman Challa Sreenivasulu Setty presented cheques totaling over Rs 1.5 crore to...
Asian Paints Profit Falls 43.7% in Q2 | News
Asian Paints reported a 43.7% decline in Q2 profit to Rs 693.7 cr, impacted by weak...