Crude oil futures rise on geopolitical concerns
pre-market1 source ↓written by the desknot a recommendation
- in futures trade
- 1%
- futures trade
- 3 Dec 2023
- contract rose
- ₹65
- per barrel
- ₹5,374
- January futures gained
- ₹63
Crude oil prices increased over 1% in futures trade on 3 Dec 2023, driven by geopolitical tensions and anticipated declines in US inventories. On the MCX, the December contract rose by ₹65 to ₹5,374 per barrel, while January futures gained ₹63 to ₹5,370. Global prices also reflected this trend, with WTI up 1.35% at USD 59.43 per barrel.
Not investment advice. For informational purposes only.