Business Standard

Crude oil futures up 0.02% on global cues

Image

Press Trust of India New Delhi

Crude oil futures rose 0.02 per cent to Rs 4,281 per barrel on Tuesday after participants widened their bets tracking a firm trend overseas.

On the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Re 1, or 0.02 per cent, to Rs 4,281 per barrel with a business turnover of 26,135 lots.

The crude for delivery in May also edged higher by Rs 5, or 0.12 per cent, to Rs 4,312 per barrel with a business volume of 29 lots.

Optimism on progressive signs from the US and China mainly pushed up the prospects in prices.

Meanwhile, West Texas Intermediate crude prices rose 0.19 per cent to USD 61.71 a barrel while Brent crude, the international benchmark was up 0.13 per cent at USD 69.10 per barrel.

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 02 2019 | 2:00 PM IST

Explore News