Crude oil rises in futures on increased buying
Crude oil prices maintained its rising spree for the second day on Wednesday in futures trading as traders enlarging their positions at lower levels.
By PTI |
NEW DELHI: Crude oil prices maintained its rising spree for the second day today in futures trading as traders enlarging their positions at lower levels.
The most-active November contract gained maximum by rising 1.07 per cent at Rs 4,252 per barrel with trading volume of 360 lots on the Multi Commodity Exchange.
Similarly, October month contract edged up 0.85 per cent at Rs 4,291 per barrel with a trading volume of 2,564 lots.
Marketmen said increased buying by traders at lower level mainly led to rise in crude oil prices.
Crude oil for November delivery fell 1.20 dollar to 88.86 dollar a barrel on the New York Mercantile Exchange.
The most-active November contract gained maximum by rising 1.07 per cent at Rs 4,252 per barrel with trading volume of 360 lots on the Multi Commodity Exchange.
Similarly, October month contract edged up 0.85 per cent at Rs 4,291 per barrel with a trading volume of 2,564 lots.
Marketmen said increased buying by traders at lower level mainly led to rise in crude oil prices.
Crude oil for November delivery fell 1.20 dollar to 88.86 dollar a barrel on the New York Mercantile Exchange.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
