Crude oil futures up on domestic cues


Crude oil futures up on domestic cues

Crude oil prices rose 0.6 per cent to Rs 3,886 per barrel on Monday as speculators created fresh positions amid positive domestic cues. Analysts said raising of bets by participants kept crude prices to trade higher here.

On the Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 23, 0.6 per cent to Rs 3,886 barrel in 23,982 lots.  However, globally, the West Texas Intermediate was trading lower by 0.98 per cent to USD 53.64.

Meanwhile, Brent crude, the international benchmark rose 0.84 per cent to USD 58.84 per barrel in New York.  Read More

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