Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,817.60-185.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Crude oil futures up on positive cues

Analysts said speculative positions created by traders led to the rise in oil prices.

PTI|
Aug 19, 2019, 01.23 PM IST
0Comments
Getty Images
crude-oil-bull-getty
Globally, however, West Texas Intermediate was trading lower 1.20 per cent to USD 55.53, while global benchmark Brent was up 1.42 per cent to USD 59.47 per barrel.

Commodity Summary
MCX

CRUDEOIL
New Delhi: Crude oil prices rose by Rs 63 to Rs 3,959 per barrel in futures market on Monday as speculators created fresh positions, taking positive cues from physical spot market.

On the Multi Commodity Exchange, crude for delivery in August was trading higher by Rs 63, or 1.62 per cent, at Rs 3,959 per barrel in a business turnover of 23,535 lots.

Analysts said speculative positions created by traders led to the rise in oil prices.

Globally, however, West Texas Intermediate was trading lower 1.20 per cent to USD 55.53, while global benchmark Brent was up 1.42 per cent to USD 59.47 per barrel.

Also Read

Basics of crude oil futures

Crude oil futures decline on weak global trend

Crude oil futures up on spot demand

Crude oil futures fall on low demand

Crude oil futures up on global cues

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service