Crude oil futures jump on spot demand
On Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 108 at Rs 4,363 per barrel.
By PTI |
NEW DELHI: Crude oil prices rose by Rs 108 to Rs 4,363 per barrel on Friday as participants widened their positions on a firm spot demand.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 108, or 2.54 per cent, at Rs 4,363 per barrel in 4,480 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil gained 2.54 per cent to USD 60.05 per barrel, while Brent crude traded 2.16 per cent higher at USD 63.29 per barrel in New York.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 108, or 2.54 per cent, at Rs 4,363 per barrel in 4,480 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil gained 2.54 per cent to USD 60.05 per barrel, while Brent crude traded 2.16 per cent higher at USD 63.29 per barrel in New York.
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