In futures trading at the Multi Commodity Exchange, crude oil for delivery in February was trading higher by Rs 39, or 0.96 per cent, at Rs 4,084 per barrel in 5,329 lots.
On similar lines, crude for delivery in far-month March rose by Rs 38, or 0.94 per cent, at Rs 4,085 per barrel in a business turnover of 80 lots.
Analysts said rise in crude oil futures was largely in tandem with a firming trend in global market as a weaker dollar spurred buying of dollar-based commodities as they become cheaper for holders of other currencies.
Meanwhile, the US benchmark West Texas Intermediate crude price was up 0.64 per cent to USD 63.95 a barrel and Brent crude, used to price international oils, added 0.54 per cent to USD 69.40 a barrel.
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 →*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%