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Crude oil futures rise on spot demand

Crude oil futures rise on spot demand
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Feb 15 (PTI) Crude oil prices rose by Rs 85 to Rs 4,410 per barrel on Monday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 85, or 1.97 per cent, at Rs 4,410 per barrel in 3,826 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude oil gained 2.17 per cent to USD 60.76 per barrel, while Brent crude traded 1.62 per cent higher at USD 63.44 per barrel in New York. PTI SHW ANU

ANU


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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