Commodities

Crude oil futures recover to Rs 2,510 per barrel

PTI New Delhi | Updated on January 22, 2018

Crude oil futures rose Rs 13 to Rs 2,510 per barrel today as speculators widened their positions amid a positive trend overseas.

At the Multi Commodity Exchange, crude for delivery in February next year was trading higher by Rs 3 or 0.12 per cent at Rs 2,510 per barrel with a business turnover of 106 lots.

Similarly, the oil for delivery in January also rose Rs 2 or 0.12 per cent to Rs 2,429 per barrel in a turnover of 3,242 lots.

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in Asian trade after the US benchmark WTI overtook its European counterpart Brent in reaction to the lifting of a 40-year US crude exports ban.

Meanwhile, West Texas Intermediate crude prices for February delivery rose 20 cents to $36.34, while Brent for February delivery stood at $36.36 per barrel, up 25 cents above its ending price in London at the New York Mercantile Exchange.

Published on December 23, 2015

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like