Finance Update

oil: Crude oil futures firm up 0.69% on global cues

Global benchmark Brent advanced 0.93 per cent to $68.21 per barrel.

PTI|

Apr 01, 2019, 01.37 PM IST

Agencies

At the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Rs 29, or 0.69 per cent, to Rs 4,214 per barrel in a business turnover of 3,635 lots.

NEW DELHI: Crude

oil

prices rose 0.69 per cent to Rs 4,214 per barrel in

futures

trade Monday as speculators created fresh positions taking positive cues from global markets.

At the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Rs 29, or 0.69 per cent, to Rs 4,214 per barrel in a business turnover of 3,635 lots.

Analysts said speculative positions built up by traders tracking a better trend overseas mainly influenced sentiment of futures prices trade here.

Meanwhile, West Texas Intermediate (WTI) crude oil gained 0.70 per cent to USD 60.56 while global benchmark Brent advanced 0.93 per cent to USD 68.21 per barrel.

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Source

Prakash Poojary
Business Analyst

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