Crude Oil Prices Rise by Rs 36 to Rs 6,587 per Barrel in Futures Trade

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Crude Oil Prices Rise by Rs 36 to Rs 6,587 per Barrel in Futures Trade

Crude oil prices climbed by Rs 36 to Rs 6,587 per barrel in futures trade on Thursday as participants increased their positions due to a strong spot demand.…

Crude oil prices climbed by Rs 36 to Rs 6,587 per barrel in futures trade on Thursday as participants increased their positions due to a strong spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 36 or 0.55 percent at Rs 6,587 per barrel in 6,137 lots. Analysts mentioned that the increase in bets by participants contributed to the rise in crude oil prices in futures trade. Globally, West Texas Intermediate crude oil was up 0.37 percent to USD 78.92 per barrel, and Brent crude traded 0.35 percent higher at USD 83.04 per barrel in New York.

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