Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi Jan 02, 2025 15:32
Crude oil prices surged on the Multi Commodity Exchange as spot demand strengthens. WTI and Brent crude also saw gains in global markets.

New Delhi, Jan 2 (PTI) Crude oil prices on Thursday climbed Rs 32 to Rs 6,196 per barrel in futures trade as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for February delivery traded higher Rs 32 or 0.52 per cent at Rs 6,196 per barrel in 589 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.47 per cent higher at USD 72.06 per barrel while Brent crude was trading 0.44 per cent higher at USD 74.97 per barrel in New York.
On the Multi Commodity Exchange, crude oil for February delivery traded higher Rs 32 or 0.52 per cent at Rs 6,196 per barrel in 589 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.47 per cent higher at USD 72.06 per barrel while Brent crude was trading 0.44 per cent higher at USD 74.97 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
- Srestha Finvest
- 0.52 ( -8.77)
- 55285518
- Vodafone Idea L
- 8.07 ( -2.42)
- 34584307
- G G Engineering
- 1.04 ( -1.89)
- 10071638
- Standard Capital
- 0.79 ( 0.00)
- 9971293
- YES Bank Ltd.
- 17.46 ( -1.19)
- 9343371
MORE NEWS

Infosys Postpones Trainee Assessments by a Week
Infosys has deferred internal assessments for trainees by a week amid recent layoffs of...

Noida Airport Partners with Kyndryl for Tech...
Noida International Airport has partnered with Kyndryl to manage its technology...
ASCI Flags 413 Offshore Betting Ads in 2025
The Advertising Standards Council of India (ASCI) flagged 413 offshore betting ads to...