Crude Oil Prices Rise on Spot Demand | PTI
By Rediff Money Desk, New Delhi Aug 22, 2024 13:30
Crude oil futures gained on Thursday due to strong spot demand. Learn more about the factors influencing oil prices and global market trends.
![Crude Oil Prices Rise on Spot Demand | PTI](https://im.rediff.com/money/2015/jan/12crude.jpg)
New Delhi, Aug 22 (PTI) Crude oil prices on Thursday marginally increased Rs 8 to Rs 6,038 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 8 or 0.13 per cent at Rs 6,038 per barrel in 11,751 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 0.19 per cent to USD 71.79 per barrel, and Brent crude traded 0.05 per cent lower at USD 76.01 per barrel in New York.
On the Multi Commodity Exchange, crude oil for September delivery traded higher Rs 8 or 0.13 per cent at Rs 6,038 per barrel in 11,751 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 0.19 per cent to USD 71.79 per barrel, and Brent crude traded 0.05 per cent lower at USD 76.01 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
- FSN E-Commerce Ventu
- 226.90 (+ 7.84)
- 44986839
- Rajnish Wellness
- 4.35 (+ 9.85)
- 42383762
- Reliance Power L
- 34.45 ( -4.99)
- 37949700
- GTL Infrastructure
- 2.81 ( -2.09)
- 34669129
- ARC Finance
- 1.33 (+ 4.72)
- 30775342
MORE NEWS
Rubber Board Empanels Firm for EU Export Due...
The Rubber Board has partnered with TrayamBhu Solutions to issue due diligence...
![ED Raids Religare...](https://im.rediff.com/80-80/money/2023/nov/15nov-burman.jpg)
ED Raids Religare Chairperson Rashmi Saluja in...
Enforcement Directorate conducts searches at Religare Enterprises premises, including...
![Banks & Fintech...](https://im.rediff.com/80-80/money/2023/oct/fintech-1-o.jpg)
Banks & Fintech Partnerships: Win-Win for All -...
Former RBI Deputy Governor S.S. Mundra says partnerships between banks and fintech...