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Crude oil futures up on positive demand

Press Trust of India  |  New Delhi 

prices rose by Rs 22 to Rs 4,029 per barrel in futures trade Wednesday as speculators were indulged in creating speculative positions, taking positive cues from domestic markets.

At the Multi Commodity Exchange, for delivery in April was trading higher by Rs 22, or 0.55 per cent, to Rs 4,029 per barrel, in a business turnover of 964 lots.

Analysts said speculators built fresh positions after rose in the global markets, giving lift to prices in futures trade here.

Meanwhile, Intermediate gained 0.69 per cent to USD 57.26, while global benchmark Brent was up 0.43 per cent to USD 66.96 per barrel.

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

First Published: Wed, March 13 2019. 13:05 IST