 "Crude oil up by 0.3% on positive Asian cues")
Crude oil futures prices rose 0.31% to Rs 3,825 per barrel today as speculators created positions amid a firm trend in Asia.
In futures trading at Multi Commodity Exchange, crude oil for delivery in June contracts was trading higher by Rs 12, or 0.31%, at Rs 3,825 per barrel, with a business turnover of 1,987 lots.
The oil for July delivery moved up Rs 7, or 0.18%, to Rs 3,874 per barrel, with a business volume of 203 lots.
Meanwhile, West Texas Intermediate crude prices for July advanced 14 cents to $59.86 while Brent for July gained eight cents to $65.45 a barrel in late morning trade on the New York Mercantile Exchange.
In futures trading at Multi Commodity Exchange, crude oil for delivery in June contracts was trading higher by Rs 12, or 0.31%, at Rs 3,825 per barrel, with a business turnover of 1,987 lots.
The oil for July delivery moved up Rs 7, or 0.18%, to Rs 3,874 per barrel, with a business volume of 203 lots.
Also Read
Marketmen said the rise in crude oil futures was largely in tandem with a hardening trend in Asian trade on bargain-hunting after dropping last week, but a supply glut and a resurgent dollar may limit gains.
Meanwhile, West Texas Intermediate crude prices for July advanced 14 cents to $59.86 while Brent for July gained eight cents to $65.45 a barrel in late 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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%