Comments
Crude oil futures prices rose 0.42 per cent to Rs 5,921 per barrel today as speculators created fresh positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 25 or 0.42 per cent at Rs 5,986 per barrel with a business turnover of 39 lots.
Similarly, the oil for December contracts also moved up by Rs 21 or 0.36 per cent to Rs 5,921 per barrel with a business volume of 1,041 lots.
Market analysts said that the rise in crude oil futures was attributed to a firm trend in Asia after US President Barack Obama said that he was not sure a deal could be reached this week on Iran’s disputed nuclear programme.
Meanwhile, crude oil for December delivery added 31 cents to $93.65 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.