Crude oil futures rise over 2 pc on global cues
Jan 31, 2020, 12:43 IST
New Delhi, Jan 31 () Crude oil prices on Friday rose by Rs 81 to Rs 3,804 per barrel as speculators created fresh positions amid positive global trends.
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 81, or 2.18 per cent, to Rs 3,804 per barrel in 25,586 lots.
Crude oil for March delivery was up by Rs 73, or 1.95 per cent, at Rs 3,819 per barrel with an open interest of 1,351 lots.
Globally, West Texas Intermediate was trading higher by 1.71 per cent to USD 53.03 per barrel.
Meanwhile, Brent crude, the international benchmark, edged up 1.82 per cent to USD 59.35 per barrel in New York. VHP SHW SHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)