 "Crude oil up by 0.7% on overseas cues")
Crude oil futures prices rose 0.72% to Rs 3,764 per barrel today as speculators got down to enlarging positions, tracking a firming trend in Asia.
Crude oil for delivery in June traded higher by Rs 27, or 0.72%, at Rs 3,764 per barrel, with a business turnover of 1,241 lots at Multi Commodity Exchange.
The oil for July also moved up Rs 24, or 0.63%, to Rs 3,821 per barrel, with a business volume of 36 lots.
Meanwhile, West Texas Intermediate (WTI) crude prices for July delivery rose 47 cents to $58.46 while Brent crude for July gained 46 cents to $64.48 a barrel in late-morning trade on the New York Mercantile Exchange.
Crude oil for delivery in June traded higher by Rs 27, or 0.72%, at Rs 3,764 per barrel, with a business turnover of 1,241 lots at Multi Commodity Exchange.
The oil for July also moved up Rs 24, or 0.63%, to Rs 3,821 per barrel, with a business volume of 36 lots.
Also Read
Analysts said the rise in crude oil prices in futures trade is attributed to rebound in Asian trade following steep losses in the previous session, but gains were capped by a strong dollar and persistent concerns about a global supply glut.
Meanwhile, West Texas Intermediate (WTI) crude prices for July delivery rose 47 cents to $58.46 while Brent crude for July gained 46 cents to $64.48 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%