Comments
Crude oil futures prices rose 0.19 per cent to Rs 4,703 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in December gained Rs 8 or 0.17 per cent to Rs 4,703 per barrel with a business turnover of 7,158 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia on data indicating a continued economic pick-up in China, the world’s largest energy consumer.
Meanwhile, crude oil for January delivery advanced by 29 cents to $86.22 a barrel on the New York Mercantile Exchange.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.