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Last Updated : Apr 04, 2019 02:11 PM IST | Source: PTI

Crude oil futures up 0.37% on positive demand

Market analysts attributed the rise in crude oil futures to raising of bets by traders despite a tepid trend overseas.

Crude oil futures rose by 0.37 percent to Rs 4,297 per barrel on April 4 after participants widened their bets tracking a firm domestic trend. At the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Rs 16, or 0.37 per cent, to Rs 4,297 per barrel with a business turnover of 23,875 lots.

Market analysts attributed the rise in crude oil futures to raising of bets by traders despite a tepid trend overseas.

Meanwhile, West Texas Intermediate crude slide by 0.32 percent to USD 62.26 a barrel, while Brent crude, the international benchmark, dipped 0.36 percent to USD 69.06 per barrel on the New York Mercantile Exchange.

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First Published on Apr 4, 2019 02:00 pm
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