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Crude oil futures up 1.47% on global cues

Press Trust of India  |  New Delhi 

Crude oil futures rose 1.47 per cent to Rs 3,736 per barrel Tuesday as speculators raisied their bets as oil prices hardened overseas.

In futures trade at the Multi Commodity Exchange, crude oil for delivery in November was trading higher by Rs 54, or 1.47 per cent, at Rs 3,736 per barrel in 13,832 lots.

Analysts said raising of bets by participants on strong trend overseas, coupled with good domestic demand, kept crude prices higher at futures trade here.

Meanwhile, the US benchmark West Texas Intermediate crude prices strengthened 0.73 per cent to USD 52.37 barrel and Brent crude gained 0.77 per cent to USD 60.39 a barrel.

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

First Published: Tue, January 29 2019. 12:45 IST