Commodities

Crude oil futures jump to Rs 6,340 per barrel

PTI New Delhi | Updated on November 25, 2017

Crude oil futures rose 0.62 per cent to Rs 6,340 per barrel today as speculators created fresh positions amid a mixed trend in Asia.

On the Multi Commodity Exchange, crude oil for delivery in July traded higher by Rs 39 or 0.62 per cent to Rs 6,340 per barrel with a business turnover of 2,603 lots.

The oil for delivery in August also moved up by Rs 37 or 0.59 per cent to Rs 6,337 per barrel with a business volume of 145 lots.

US stockpiles

Analysts attributed the rise in crude oil futures to a mixed trend in Asia as dealers await the release of a US stockpiles report for clues about demand in the world’s top crude consumer.

Meanwhile, West Texas Intermediate crude for August delivery was up one cent at $105.35 a barrel, while Brent North Sea crude for August eased 15 cents to $112.14 in mid-morning trade on the New York Mercantile Exchange.

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Published on July 02, 2014
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