Crude Oil Futures Rise on Spot Demand - PTI
Crude oil prices rose marginally in futures trade on Wednesday, driven by increased positions from participants due to firm spot demand. Read more on PTI.
New Delhi, Dec 11 (PTI) Crude oil prices on Wednesday rose marginally to Rs 5,846 per barrel in futures trade as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for December delivery traded higher marginally Re 1 or 0.02 per cent at Rs 5,846 per barrel in 7,746 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.24 per cent higher at USD 68.83 per barrel while Brent crude was trading 0.30 per cent higher at USD 72.41 per barrel in New York.
On the Multi Commodity Exchange, crude oil for December delivery traded higher marginally Re 1 or 0.02 per cent at Rs 5,846 per barrel in 7,746 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.24 per cent higher at USD 68.83 per barrel while Brent crude was trading 0.30 per cent higher at USD 72.41 per barrel in New York.
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