Commodities

Crude oil futures jump to Rs 6,201 per barrel

PTI New Delhi | Updated on November 24, 2017 Published on June 11, 2014

Crude oil futures rose 0.5 per cent to Rs 6,201 per barrel today as speculators created positions amid a firm trend in Asian market.

On the Multi Commodity Exchange, crude oil for delivery in June gained Rs 31 or 0.50 per cent to Rs 6,201 per barrel with a business turnover of 775 lots.

Similarly, the oil for July delivery moved up by Rs 30 or 0.49 per cent to Rs 6,179 per barrel with a business volume of 52 lots.

Marketmen said the rise in crude oil futures was largely in tandem with a firm trend in Asian trade ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel.

Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 4 cents to $104.39 a barrel on the New York Mercantile Exchange.

Published on June 11, 2014
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