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Crude oil futures gain 0.60% on positive global cues

Press Trust of India  |  New Delhi 

went up by 0.60 per cent to Rs 4,380 per barrel in the futures trade today as speculators raised their bets, taking positive cues from global markets.

At the Multi Commodity Exchange, for delivery in April rose by Rs 26, or 0.60 per cent to Rs 4,380 per barrel in business turnover of 7,270 lots.

Likewise, the for delivery in far-month May was trading higher by Rs 24, or 0.55 per cent to Rs 4,383 per barrel in 548 lots.

Analysts said widening of positions by speculators in line with a firm trend in global market, led to rise in prices at futures trade.

Meanwhile, Intermediate (WTI) rose 26 cents, or 0.39 per cent, to USD 67.08 while Brent crude up 17 cents, or 0.24 per cent, at USD 72.23 per barrel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 11:40 IST