Crude Oil Futures Rise on West Asia Conflict
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Crude oil futures gain Rs 159 to Rs 9,554/barrel amid West Asia conflict & supply disruptions. WTI & Brent crude prices also surge.
Photograph: Dado Ruvic/Reuters
New Delhi, Mar 30 (PTI) Crude oil prices on Monday rose Rs 159 to Rs 9,554 per barrel in futures trade as the escalating West Asia conflict is driving severe energy supply disruptions.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 159, or 1.69 per cent, at Rs 9,554 per barrel in 10,536 lots.
Analysts said the rise in bets by participants kept crude oil prices higher in the futures market.
Globally, West Texas Intermediate crude was trading 1.49 per cent higher at USD 101.12 per barrel, while Brent crude rose 2.74 per cent to USD 115.65 per barrel in New York.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 159, or 1.69 per cent, at Rs 9,554 per barrel in 10,536 lots.
Analysts said the rise in bets by participants kept crude oil prices higher in the futures market.
Globally, West Texas Intermediate crude was trading 1.49 per cent higher at USD 101.12 per barrel, while Brent crude rose 2.74 per cent to USD 115.65 per barrel in New York.
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