Crude Oil Futures Rise on Spot Demand - PTI
By Rediff Money Desk, New Delhi May 02, 2024 14:54
Crude oil prices climbed Rs 40 to Rs 6,662 per barrel in futures trade on Thursday, driven by strong spot demand. Read more on PTI.
![Crude Oil Futures Rise on Spot Demand - PTI](https://im.rediff.com/money/2018/may/28oil.jpg)
New Delhi, May 2 (PTI) Crude oil prices on Thursday climbed Rs 40 to Rs 6,662 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 40 or 0.6 per cent at Rs 6,662 per barrel in 12,184 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up 0.91 per cent to USD 79.72 per barrel, and Brent crude traded 0.89 per cent higher at USD 84.18 per barrel in New York.
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 40 or 0.6 per cent at Rs 6,662 per barrel in 12,184 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up 0.91 per cent to USD 79.72 per barrel, and Brent crude traded 0.89 per cent higher at USD 84.18 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
- 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...