Comments
Crude oil futures prices rose 0.27 per cent to Rs 4,872 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in October gained Rs 13 or 0.27 per cent to Rs 4,872 per barrel with a business turnover of 4,410 lots.
Similarly, the oil for November delivery moved up by Rs 12 or 0.25 per cent to Rs 4,909 per barrel with a business volume of 904 lots.
Marketmen said the rise in crude oil futures was largely supported by a firm trend in Asia after positive developments in Europe following Moody’s decision not to downgrade Spain’s credit rating and positive US economic data.
Meanwhile, crude oil for November delivery advanced by 35 cents to USD 92.44 a barrel on the New York Mercantile Exchange.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.