Crude oil futures rose by 2.52 per cent to Rs 3,869 per barrel Thursday after participants widened their bets, tracking a firm trend overseas.
At the Multi Commodity Exchange, crude oil contracts for July delivery traded higher by Rs 95, or 2.52 per cent, at Rs 3,869 per barrel with a business turnover of 15,413 lots.
Crude for August delivery also edged higher by Rs 93, or 2.45 per cent, to Rs 3,893 per barrel with a business volume of 382 lots.
Globally, West Texas Intermediate crude rose 2.47 per cent to USD 55.09 per barrel, while Brent crude, the international benchmark, was up 2.28 per cent to USD 63.23 per 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 →
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