Crude oil futures up on spot demand
Analysts said raising of bets by participants kept crude prices to trade higher here.
By : DC Correspondent
Update: 2019-10-07 07:56 GMT
New Delhi: Crude oil prices rose 0.78 per cent to Rs 3,764 per barrel on Monday as speculators created fresh positions on spot demand.
Analysts said raising of bets by participants kept crude prices to trade higher here.
On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.
Globally, the West Texas Intermediate was trading up 0.06 per cent to USD 52.84 per barrel.
Meanwhile, Brent crude, the international benchmark dipped 0.09 per cent to USD 58.32 per barrel in New York.