Crude oil futures gain Rs 22 to Rs 3,729 per 10 gm
Feb 17, 2020, 12:24 IST
New Delhi, Feb 17 () Crude oil prices on Monday edged up by Rs 22 to Rs 3,729 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.
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On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 22, or 0.59 per cent, to Rs 3,729 per barrel in 27,498 lots.
Crude oil for March delivery was up by Rs 8, or 0.64 per cent, to Rs 3,761 per barrel with an open interest of 1,677 lots.
Globally, West Texas Intermediate was trading higher by 0.15 per cent at USD 52.13 per barrel.
However, Brent crude, the international benchmark, edged lower by 0.07 per cent to USD 57.28 per barrel in New York. VHP SHWSHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)