Crude oil prices rose 0.67 per cent to Rs 5,531 per barrel in futures market as speculators created fresh bets, taking positive cues from Asian markets.
In futures trading at the Multi Commodity Exchange, crude oil for delivery this month rose Rs 37, or 0.67 per cent, to Rs 5,531 per barrel in a business turnover of 1,591 lots.
Speculators built fresh positions after Brent crude oil prices again jumped above USD 84 per barrel in Asian trade, which supported the rise in crude prices at futures trade here, traders said.
Meanwhile, West Texas Intermediate gained 40 cents, or 0.54 per cent, to USD 74.69 while Brent crude rose 49 cents, or 0.58 per cent, to USD 84.40 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