Crude oil futures gain on spot demand | Business News

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NewsBusinessCommoditiesCrude oil futures gain on spot demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher Rs 91 or 1.28 per cent at Rs 7,214 per barrel in 9,338 lots.

Crude oil futures gain on spot demand (File Image)

Crude oil prices on Friday climbed Rs 91 to Rs 7,214 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for April delivery traded higher Rs 91 or 1.28 per cent at Rs 7,214 per barrel in 9,338 lots.

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

Globally, West Texas Intermediate crude oil was down 0.15 per cent to USD 86.46 per barrel, and Brent crude traded 0.08 per cent higher at USD 90.72 per barrel in New York.

 

First uploaded on: 05-04-2024 at 14:08 IST



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