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  Business   Market  07 Oct 2019  Crude oil futures up on spot demand

Crude oil futures up on spot demand

PTI
Published : Oct 7, 2019, 1:28 pm IST
Updated : Oct 7, 2019, 1:28 pm IST

Analysts said raising of bets by participants kept crude prices to trade higher here.

On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.
 On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.

New Delhi: Crude oil prices rose 0.78 per cent to Rs 3,764 per barrel on Monday as speculators created fresh positions on spot demand.

Analysts said raising of bets by participants kept crude prices to trade higher here.

On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.

Globally, the West Texas Intermediate was trading up 0.06 per cent to USD 52.84 per barrel.

Meanwhile, Brent crude, the international benchmark dipped 0.09 per cent to USD 58.32 per barrel in New York.

Tags: crude oil, multi commodity exchange, brent crude, west texas intermediate
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