Crude oil futures rise on strong spot demand
pre-market1 source ↓written by the desknot a recommendation
- prices increased
- ₹82
- in futures trade
- ₹5,787 per barrel
- delivery contracts rose
- 1.44%
- traded
- 32,055 lots
- crude
- 0.71%
Crude oil prices increased by ₹82 to ₹5,787 per barrel in futures trade, driven by robust spot demand. On the Multi Commodity Exchange, February delivery contracts rose 1.44% with 32,055 lots traded. Analysts note that increased positions by participants are supporting higher prices in the futures market.
Globally, West Texas Intermediate crude is up 0.71% at USD 62.83 per barrel, while Brent crude rose 0.58% to USD 67.96 per barrel.
Not investment advice. For informational purposes only.