Crude oil futures gain marginally on global cues
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
![Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators. Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-p4qmeitcmutu1u2f719she4vq4-20171120012305.Medi.jpeg)
India consumed 211.6 million tonnes of petroleum products in 2018-19, up from 206.2 million tonnes in the previous year.
New Delhi: Crude oil prices on Tuesday rose marginally by Re 1 to Rs 4,273 per barrel as speculators created fresh positions amid positive global trends.
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
On the Multi Commodity Exchange, crude for delivery in December traded higher by Re 1, or 0.02 per cent, to Rs 4,273 per barrel in 14,137 lots.
Globally, the West Texas Intermediate was trading up 0.07 per cent to USD 60.25 per barrel.
Meanwhile, Brent crude, the international benchmark, edged up 0.09 per cent to USD 65.40 per barrel in New York.
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