Thursday, Apr 18, 2024 | Last Update : 06:27 AM IST
Crude oil up 0.28 per cent on upbeat global cues
Analysts said the rise in crude oil futures was largely in tandem with a firming trend in global trade.
New Delhi: Crude oil prices rose 0.28 per cent to Rs 3,905 per barrel in futures trade Tuesday as speculators raised their exposure, tracking a rebound in global markets.
On the Multi Commodity Exchange, crude contracts for August delivery went up by Rs 11, or 0.28 per cent, to Rs 3,905 per barrel in a business turnover of 18,091 lots.
Analysts said the rise in crude oil futures was largely in tandem with a firming trend in global trade.
Globally, West Texas Intermediate crude prices rose 1.06 per cent to USD 56.22, while international benchmark Brent went up 0.36 per cent to USD 63.49 per barrel at the New York Mercantile Exchange.
