Commodities

Crude oil futures rise to Rs 3,764 per barrel

PTI New Delhi | Updated on January 23, 2018 Published on May 20, 2015

Crude oil futures prices rose 0.72 per cent to Rs 3,764 per barrel today as speculators enlarged their positions, tracking a firm Asian trend.

Crude oil for delivery in June traded higher by Rs 27 or 0.72 per cent at Rs 3,764 per barrel with a business turnover of 1,241 lots on the Multi Commodity Exchange.

Similarly, the oil for July delivery also moved up Rs 24 or 0.63 per cent to Rs 3,821 per barrel with a business volume of 36 lots.

Analysts said the rise in crude oil prices at the futures trade was attributed to a rebound in Asian trade following steep losses in the previous session, but the gains were capped by a strong dollar and persistent concerns about a global supply glut.

Meanwhile, West Texas Intermediate (WTI) crude for July delivery rose 47 cents to $58.46, while Brent crude for July delivery gained 46 cents to $64.48 a barrel in late-morning trade on the New York Mercantile Exchange.

Published on May 20, 2015
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