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Crude oil up 0.67 pc on global cues

Press Trust of India  |  New Delhi 

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, 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 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, 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.

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

First Published: Tue, October 09 2018. 12:10 IST