 "Crude oil rise by 2.8% on overseas cues")
Crude oil futures prices jumped up by 2.83% to Rs 3,123 per barrel today as speculators created positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in April gained Rs 86, or 2.83%, to Rs 3,123 per barrel, with a business turnover of 3,568 lots.
The oil for the May delivery shot up by Rs 74, or 2.34%, to Rs 3,231 per barrel, with a business volume of 215 lots.
Meanwhile, West Texas Intermediate crude advanced by 82 cents to $49.96 while Brent rose 81 cents to $55.76 a barrel in late-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in April gained Rs 86, or 2.83%, to Rs 3,123 per barrel, with a business turnover of 3,568 lots.
The oil for the May delivery shot up by Rs 74, or 2.34%, to Rs 3,231 per barrel, with a business volume of 215 lots.
Also Read
Marketmen said the rise in crude oil futures was largely in tandem with a rebound in Asian trade on news that a labour strike at a US refinery would end soon, tempering recent losses fuelled by an agreement to curb Iran's nuclear programme.
Meanwhile, West Texas Intermediate crude advanced by 82 cents to $49.96 while Brent rose 81 cents to $55.76 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%