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HomeIndiaCrude oil futures gain on spot demand

Crude oil futures gain on spot demand

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New Delhi, Jun 18 (PTI) Crude oil prices on Tuesday increased Rs 17 to Rs 6,687 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for June delivery traded higher by Rs 17, or 0.25 per cent, at Rs 6,687 per barrel in 2,817 lots.

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

Globally, West Texas Intermediate crude oil was down by 0.25 per cent to USD 80.13 per barrel, and Brent crude traded 0.24 per cent higher at USD 84.05 per barrel in New York. PTI SGC DR

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

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