Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, NEWDELHI Feb 09, 2024 14:06
Crude oil futures prices climbed Rs 20 to Rs 6,327 per barrel in futures trade on Friday, driven by strong spot demand. Analysts attribute the rise to increased bets by participants.
![Crude Oil Futures Rise on Spot Demand - PTI](https://im.rediff.com/money/2021/sep/22crude.jpg)
New Delhi, Feb 9 (PTI) Crude oil prices on Friday climbed Rs 20 to Rs 6,327 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 20 or 0.32 per cent at Rs 6,327 per barrel in 9,760 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil remained flat at USD 76.22 per barrel, and Brent crude traded 0.12 per cent lower at USD 81.53 per barrel in New York.
On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 20 or 0.32 per cent at Rs 6,327 per barrel in 9,760 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil remained flat at USD 76.22 per barrel, and Brent crude traded 0.12 per cent lower at USD 81.53 per barrel in New York.
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.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...