Buoyed by a firm global trend, crude oil prices moved up Rs 10 to Rs 5,428 per barrel in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, April crude rose by Rs 10, or 0.18%, to Rs 5,428 per barrel in business turnover of 3,190 lots.
The May contract was up by the same margin to Rs 5,476 per barrel in 216 lots.
Market analysts attributed the rise in crude oil futures to a firming global trend after data showing an improvement in US employment numbers as concerns over geopolitical tensions in the Middle East lingered.
Meanwhile, crude oil for delivery in April advanced 33 cents to $105.68 a barrel on the New York Mercantile Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app