1. You Are At:
  2. English News
  3. Business News
  4. Crude oil prices rise on upbeat global cues

Crude oil prices rise on upbeat global cues

Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on Friday as speculators raised their exposure, tracking a rebound in global markets.

PTI PTI
New Delhi Published on: July 12, 2019 13:48 IST
Representative News Image
Image Source : FILE

Crude oil prices rise on upbeat global cues (representational image)

Crude oil prices rose 0.61 per cent to Rs 4,157 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 July delivery went up by Rs 25, or 0.61 per cent, to Rs 4,157 per barrel in a business turnover of 23,863 lots.

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

Meanwhile, West Texas Intermediate crude rose 0.75 per cent to USD 60.65, while international benchmark Brent was up 0.83 per cent to USD 67.07 per barrel at the New York Mercantile Exchange. 

Also Read | Budget expectation, Q3 results to guide Indian equities; volatile in crude oil to affect rupee

Also Read | US crude oil inventories decrease last week: American Petroleum Institute

Write a comment