Crude oil future prices today rose by 0.34% to Rs 4,748 per barrel as speculators created fresh positions, tracking firm trend in Asian trade.
At the Multi Commodity Exchange, the July contract for crude oil gained Rs 16, or 0.34%, to Rs 4,748 per barrel, with a business turnover of 7,655 lots.
Market analysts attributed the recovery in crude oil futures to a firm trend in Asia as traders bought at prevailing attractive levels following a plunge late last week triggered by disappointing US jobs figures.
Meanwhile, the August contract advanced by 8 cents to $84.63 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