Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for the July delivery traded higher by Rs 11, or 0.2 per cent, to Rs 5,618 per barrel in 10,428 lots.
By PTI |
Reuters
NEW DELHI: Crude oil prices rose Rs 11 to Rs 5,618 per barrel on Friday as participants widened their positions on a firm spot demand.
On the Multi Commodity Exchange, crude oil for the July delivery traded higher by Rs 11, or 0.2 per cent, to Rs 5,618 per barrel in 10,428 lots.
Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.
However, globally, West Texas Intermediate crude oil fell 0.37 per cent to USD 74.95 per barrel, while Brent crude traded 0.46 per cent lower at USD 75.49 per barrel in New York.
On the Multi Commodity Exchange, crude oil for the July delivery traded higher by Rs 11, or 0.2 per cent, to Rs 5,618 per barrel in 10,428 lots.
Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.
However, globally, West Texas Intermediate crude oil fell 0.37 per cent to USD 74.95 per barrel, while Brent crude traded 0.46 per cent lower at USD 75.49 per barrel in New York.
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