Crude oil futures recovered by 0.08 per cent to Rs 3,626 per barrel as participants widened their bets, tracking firm global cues. At the Multi Commodity Exchange, crude oil for delivery in December was trading higher by Rs 3, or 0.08 per cent, at Rs 3,626 per barrel with a business turnover of 1,968 lots.
Marketmen attributed the rise in crude oil futures to raising of bets by traders in line with a firm trend overseas. Meanwhile, West Texas Intermediate crude prices rose 1.35 per cent, to $51.07 a barrel, while Brent crude, the international benchmark, was up 1.16 per cent, at $59.96 per barrel on the New York Mercentile Exchange. Read More
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