Crude oil futures jump over 1% on firm spot demand
On MCX, crude oil for April delivery traded higher by Rs 59 at Rs 4,537 per barrel.
By PTI | Updated:
BCCL - Non Copyright
NEW DELHI: Crude oil prices rose by Rs 59 to Rs 4,537 per barrel on Tuesday as participants widened their positions on firm spot demand.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 59, or 1.32 per cent, at Rs 4,537 per barrel in 6,585 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil gained 0.57 per cent to USD 60.04 per barrel, while Brent crude traded 0.63 per cent higher at USD 63.68 per barrel in New York.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 59, or 1.32 per cent, at Rs 4,537 per barrel in 6,585 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil gained 0.57 per cent to USD 60.04 per barrel, while Brent crude traded 0.63 per cent higher at USD 63.68 per barrel in New York.
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