Crude Oil Futures Rise on Spot Demand | PTI
Crude oil futures gained on Thursday, driven by increased spot demand. Prices rose to Rs 5,709 per barrel on the Multi Commodity Exchange. Read more about the oil market trends.
New Delhi, Sep 12 (PTI) Crude oil prices on Thursday rose Rs 51 to Rs 5,709 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for October delivery traded higher Rs 51 or 0.9 per cent at Rs 5,709 per barrel in 11,306 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 1.26 per cent to USD 68.16 per barrel, and Brent crude traded 1.32 per cent higher at USD 71.54 per barrel in New York.
On the Multi Commodity Exchange, crude oil for October delivery traded higher Rs 51 or 0.9 per cent at Rs 5,709 per barrel in 11,306 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 1.26 per cent to USD 68.16 per barrel, and Brent crude traded 1.32 per cent higher at USD 71.54 per barrel in New York.
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