Crude oil futures gain on firm global cues


Crude oil futures gain on firm global cues

Crude oil prices rose 0.76 per cent to Rs 3,844 per barrel in futures trade Friday as speculators raised their exposure on firm global clues. On the Multi Commodity Exchange, crude for July contracts went up by Rs 29, or 0.76 per cent, to Rs 3,844 per barrel in a business turnover of 14,542 lots.

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in global market. Meanwhile, West Texas Intermediate rose 0.96 per cent to USD 55.83, while international benchmark Brent went up 1.53 per cent to USD 62.88 per barrel at New York Mercantile Exchange.  Read More

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