Crude Oil Futures Rise on Strong Demand - PTI
Crude oil futures prices climbed on the Multi Commodity Exchange, driven by increased positions from participants amid firm spot demand. Global benchmarks also saw gains.
New Delhi, Nov 19 (PTI) Crude oil prices on Tuesday climbed Rs 34 to Rs 5,853 per barrel in futures trade as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for December delivery traded higher Rs 34 or 0.58 per cent at Rs 5,853 per barrel in 33,83 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.23 per cent higher at USD 69.32 per barrel, while Brent crude was trading 0.27 per cent higher at USD 73.50 per barrel in New York.
On the Multi Commodity Exchange, crude oil for December delivery traded higher Rs 34 or 0.58 per cent at Rs 5,853 per barrel in 33,83 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.23 per cent higher at USD 69.32 per barrel, while Brent crude was trading 0.27 per cent higher at USD 73.50 per barrel in New York.
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