Crude oil futures rose by 0.17% to Rs 5,247 per barrel today as speculators enlarged their positions following a firming global trend.
At the Multi Commodity Exchange, the April contract rose by Rs 9, or 0.17%, to Rs 5,247 per barrel, with an open interest of 2,020 lots.
The May contract moved up by Rs 9, or 0.17%, to Rs 5,302 per barrel, with an open interest of 106 lots.
Analysts attributed the rise in crude futures to a firming trend in Asian trade as worries about a possible disruption to Middle East crude supplies outweighed the gloom from the latest US jobs data.
Meanwhile, crude oil for delivery in May advanced by 24 cents to $102.70 a barrel in morning trade 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