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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, Jul 20 (PTI) Crude oil prices rose Rs 6 to Rs 4,985 per barrel on Tuesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 6, or 0.12 per cent, at Rs 4,985 per barrel in 7,017 lots.

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

Globally, West Texas Intermediate crude oil gained 0.38 per cent to USD 66.67 per barrel, while Brent crude traded 0.44 per cent higher at USD 68.92 per barrel in New York. PTI SHW HRS

hrs


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

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