Crude Oil Futures Rise on Spot Demand - PTI
Crude oil prices climbed Rs 17 to Rs 6,213 per barrel in futures trade on Friday, driven by increased positions from participants due to firm spot demand. Read more.
New Delhi, Feb 14 (PTI) Crude oil prices on Friday climbed Rs 17 to Rs 6,213 per barrel in futures trade as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 17 or 0.27 per cent at Rs 6,213 per barrel in 9,843 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.18 per cent higher at USD 71.42 per barrel while Brent crude was trading 0.27 per cent higher at USD 75.22 per barrel in New York.
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 17 or 0.27 per cent at Rs 6,213 per barrel in 9,843 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.18 per cent higher at USD 71.42 per barrel while Brent crude was trading 0.27 per cent higher at USD 75.22 per barrel in New York.
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