Crude oil futures rise on spot demand

News

NEW DELHI: Crude oil prices rose by Rs 29 to Rs 4,884 per barrel on Monday as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 29, or 0.6 per cent, at Rs 4,884 per barrel in 8,662 lots.

Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.

Globally, West Texas Intermediate crude oil gained 1.24 per cent to USD 67.14 per barrel, while Brent crude traded 1.21 per cent higher at USD 69.55 per barrel in New York.

Articles You May Like

Gold rate today: Yellow metal trades firm; silver regains Rs 62,000 on MCX
The EUR/USD chart is beginning to look problematic
Gold rate today: Yellow metal edges marginally higher; silver holds Rs 62,000
Nasdaq technical analysis
NZDUSD corrects lower after sniffing the 200 day MA