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Crude Oil Futures Rise on Spot Demand - PTI

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By Rediff Money Desk, New Delhi   Jan 10, 2025 13:18

Crude oil prices surged in futures trading on Friday, fueled by increased demand and positive sentiment among market participants. Learn more about the latest oil market trends.
Crude Oil Futures Rise on Spot Demand - PTI
New Delhi, Jan 10 (PTI) Crude oil prices on Friday climbed Rs 9 to Rs 6,347 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 9 or 0.14 per cent at Rs 6,347 per barrel in 3,277 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 74.27 per barrel while Brent crude was trading 0.49 per cent higher at USD 77.30 per barrel in New York.
Source: PTI
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