Crude oil prices gained Rs 11 at Rs 3,959 per barrel on Thursday as speculators created fresh positions on spot demand.
On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0.28 per cent, at Rs 3,959 per barrel in 18,786 lots.
Crude oil for December was quoting higher by Rs 10, or 0.25 per cent, at Rs 3,972 per barrel in 269 lots.
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
Globally, West Texas Intermediate was 0.61 per cent down at USD 55.63 per barrel.
Meanwhile, Brent crude, the international benchmark declined 0.29 per cent at USD 60.99 per barrel in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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