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.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.