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Crude oil futures up on spot demand
Highlights
Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.
New Delhi: Crude oil prices rose by Re 1 to Rs 4,139 per barrel in futures trade on Thursday as speculators raised their exposure on firm spot demand.
On the Multi Commodity Exchange, crude for September contracts went up by Re 1, or 0.02 per cent, to Rs 4,139 per barrel in a business turnover of 18,539 lots.
Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.
Globally, West Texas Intermediate were trading higher by 0.03 per cent to USD 58.13, while international benchmark Brent was down 0.05 per cent to USD 63.57 per barrel in New York.
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