Crude oil prices gained in futures trading on Thursday, fueled by increased demand. Learn more about the factors driving the price surge and global oil market trends.
New Delhi, Jan 11 (PTI) Crude oil prices on Thursday increased Rs 98 to Rs 6,029 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 98, or 1.65 per cent, at Rs 6,029 per barrel in 12,541 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 1.65 per cent to USD 72.63 per barrel, and Brent crude traded 1.68 per cent higher at USD 78.09 per barrel in New York.
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.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback