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Crude oil futures gain 1.33 pc on global cues

Feb 19, 2020, 12:54 IST

PTI

New Delhi, Feb 19 () Crude oil prices on Wednesday edged up by Rs 49 to Rs 3,747 per barrel as speculators widened their positions driven by spot demand.

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 49, or 1.33 per cent, to Rs 3,747 per barrel in 31,058 lots.

Crude oil for March delivery was up by Rs 48, or 1.28 per cent, to Rs 3,786 per barrel with an open interest of 8,868 lots.

Globally, West Texas Intermediate was trading higher by 0.83 per cent at USD 52.48 per barrel.

However Brent crude, the international benchmark, edged lower by 0.74 per cent to USD 58.18 per barrel in New York. VHP SHWSHW

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