Crude Oil Futures Rise on Spot Demand
By Rediff Money Desk, New Delhi Aug 27, 2024 13:56
Crude oil futures prices increased on Tuesday due to strong spot demand. The rise was fueled by increased bets by participants. Global crude oil prices experienced mixed performance.
New Delhi, Aug 27 (PTI) Crude oil prices on Tuesday increased Rs 9 to Rs 6,492 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for September delivery traded higher Rs 9 or 0.14 per cent at Rs 6,492 per barrel in 7,944 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was down by 0.34 per cent to USD 77.16 per barrel, and Brent crude traded 0.17 per cent lower at USD 81.29 per barrel in New York.
On the Multi Commodity Exchange, crude oil for September delivery traded higher Rs 9 or 0.14 per cent at Rs 6,492 per barrel in 7,944 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was down by 0.34 per cent to USD 77.16 per barrel, and Brent crude traded 0.17 per cent lower at USD 81.29 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
- Rajnish Wellness
- 5.07 (+ 7.64)
- 40136011
- Genpharmasec Ltd
- 3.36 (+ 5.00)
- 28491706
- Filatex Fashions
- 1.16 ( -4.13)
- 25191463
- Vodafone Idea L
- 16.10 (+ 1.96)
- 24922982
- GTL Infrastructure
- 2.75 ( -1.43)
- 22992790
MORE NEWS
India-Oman Free Trade Pact Talks Advance:...
India and Oman are nearing a free trade agreement (FTA), aiming to boost bilateral...
EET Fuels Appoints Wood for Hydrogen Fuel...
EET Fuels appoints Wood for front-end engineering of its hydrogen fuel switching...
Zee & Sony Settle Merger Disputes, Withdraw Claims
Zee Entertainment Enterprises Ltd and Sony Pictures Networks India have amicably...