Crude oil futures gain on spot demand 
News Updates

Crude oil futures gain on spot demand

Crude oil prices on Monday rose by Rs 36 to Rs 6,762 per barrel in futures trade as participants increased their positions following a firm spot demand

PTI

New Delhi: Crude oil prices on Monday rose by Rs 36 to Rs 6,762 per barrel in futures trade as participants increased their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for September delivery traded higher by Rs 36 or 0.54 percent at Rs 6,762 per barrel in 4,027 lots.

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

Globally, West Texas Intermediate crude oil was up by 0.75 percent at USD 81.86 per barrel, and Brent crude traded 0.70 percent higher at USD 85.39 per barrel in New York.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Exclusive: SECI planning 10 GWh CfD auction to sell power directly on power exchange, says MD Akash Tripathi

PESB recommends Jasbir Singh for HAL's Director (Engineering, Research & Development) post

Reddy calls for faster mineral exploration, stronger Centre-State coordination

Oil PSUs defend E20 fuel quality, question Karnataka's testing methodology

ADNOC signs 10-year LNG supply deal with Gujarat Energy for up to 4 million tonnes