Moneycontrol Be a Pro
Get App
Last Updated : Jun 25, 2019 01:02 PM IST | Source: PTI

Crude oil futures up on positive cues

On the Multi Commodity Exchange, crude for delivery in July contracts was trading higher by Rs 29, or 0.73 per cent, at Rs 4,022 per barrel in a business turnover of 16,302 lots.

Representative image
Representative image

Crude oil prices rose by Rs 29 to Rs 4,022 per barrel in futures market Tuesday as speculators created fresh positions, taking positive cues from domestic markets.

On the Multi Commodity Exchange, crude for delivery in July contracts was trading higher by Rs 29, or 0.73 per cent, at Rs 4,022 per barrel in a business turnover of 16,302 lots.

Analysts said speculative positions created by traders led to the rise in oil prices.

Close
However, West Texas Intermediate dropped 0.43 per cent to USD 57.65, while global benchmark Brent was up 0.51 per cent to USD 64.53 per barrel.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 25, 2019 12:52 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant