Crude Oil Futures Rise on Strong Demand - PTI
Crude oil futures prices climbed on Thursday, driven by increased demand. The MCX crude oil futures contract for December delivery gained Rs 42 to settle at Rs 5,976 per barrel.
New Delhi, Dec 12 (PTI) Crude oil prices on Thursday climbed Rs 42 to Rs 5,976 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 42 or 0.71 per cent at Rs 5,976 per barrel in 7,808 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.16 per cent higher at USD 70.40 per barrel while Brent crude was trading 0.27 per cent higher at USD 73.72 per barrel in New York.
On the Multi Commodity Exchange, crude oil for December delivery traded higher Rs 42 or 0.71 per cent at Rs 5,976 per barrel in 7,808 lots.
Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 0.16 per cent higher at USD 70.40 per barrel while Brent crude was trading 0.27 per cent higher at USD 73.72 per barrel in New York.
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