Comments
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.
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.