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Crude oil futures up on spot demand

PTI
Published : Sep 13, 2019, 1:04 pm IST
Updated : Sep 13, 2019, 1:04 pm IST

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.

On the Multi Commodity Exchange, crude for September contracts went up by Rs 7, or 0.18 per cent, to Rs 3,906 per barrel.
 On the Multi Commodity Exchange, crude for September contracts went up by Rs 7, or 0.18 per cent, to Rs 3,906 per barrel.

New Delhi: Crude oil prices rose 0.18 per cent to Rs 3,906 per barrel in futures trade Friday as speculators raised their exposure on firm spot demand.

On the Multi Commodity Exchange, crude for September contracts went up by Rs 7, or 0.18 per cent, to Rs 3,906 per barrel in a business turnover of 26,861 lots.

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.

However, globally, West Texas Intermediate were trading lower 0.02 per cent to USD 55.08, while international benchmark Brent dipped 0.20 per cent to USD 60.26 per barrel in New York.

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