ETV Bharat / bharat

Crude oil futures gain on spot demand

On Tuesday, the prices of crude oil rose by Rs 21 to Rs 6,838 per barrel in futures trade as participants widened their positions on a firm spot demand.

Crude oil futures gain on spot demand
Crude oil futures gain on spot demand
author img

By

Published : Oct 4, 2022, 2:55 PM IST

New Delhi: Crude oil prices on Tuesday rose by Rs 21 to Rs 6,838 per barrel in futures trade as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for October delivery traded higher by Rs 21 or 0.31 per cent at Rs 6,838 per barrel in 5,049 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil was up 0.42 per cent at USD 83.98 per barrel, and Brent crude traded 0.57 per cent higher at USD 89.37 per barrel in New York. (PTI)

New Delhi: Crude oil prices on Tuesday rose by Rs 21 to Rs 6,838 per barrel in futures trade as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for October delivery traded higher by Rs 21 or 0.31 per cent at Rs 6,838 per barrel in 5,049 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil was up 0.42 per cent at USD 83.98 per barrel, and Brent crude traded 0.57 per cent higher at USD 89.37 per barrel in New York. (PTI)

For All Latest Updates

ETV Bharat Logo

Copyright © 2025 Ushodaya Enterprises Pvt. Ltd., All Rights Reserved.