Analysts said raising of bets by participants kept crude prices to trade higher.
Crude oil prices rose 0.39 percent to Rs 4,167 per barrel on September 11 as speculators created fresh positions on firm global cues. Analysts said raising of bets by participants kept crude prices to trade higher.
On the Multi Commodity Exchange, crude for delivery in September contracts was trading higher by Rs 16, or 0.39 percent to Rs 4,167 barrel in 44,871 lots.Globally, the West Texas Intermediate was trading higher by 1.05 percent to USD 58. Meanwhile, Brent crude, the international benchmark rose 0.95 percent to USD 62.97 per barrel in New York.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.