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Last Updated : May 24, 2019 01:39 PM IST | Source: PTI

Crude oil prices up 1.07% on upbeat global cues

On the Multi Commodity Exchange, crude for June delivery went up by Rs 43, or 1.07 percent, to Rs 4,079 per barrel in a business turnover of 19,049 lots.

Crude oil prices rose 1.07 percent to Rs 4,079 per barrel in futures trade on Friday as speculators raised their exposure, tracking a rebound in global markets.

On the Multi Commodity Exchange, crude for June delivery went up by Rs 43, or 1.07 percent, to Rs 4,079 per barrel in a business turnover of 19,049 lots.

Analysts said the rise in crude oil futures was largely in tandem with a firming trend in global trade.

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Meanwhile, West Texas Intermediate crude prices rose 1.02 percent to USD 58.50, while international benchmark Brent went up 0.89 percent to USD 68.36 per barrel at the New York Mercantile Exchange.

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First Published on May 24, 2019 01:36 pm
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