Crude oil futures up on positive global cues

Analysts said speculative positions created by traders as oil prices edged up in Asia on Friday, mainly influenced crude prices at futures trade in New Delhi.

Written by PTI | New Delhi | Published:October 13, 2017 11:38 am
Crude oil prices, Multi Commodity Exchange, crude oil prices rise, rise in crude oil prices rise, Business news, World crude oil market, international business news Meanwhile, West Texas Intermediate gained 30 cents, or 0.59 per cent, to USD 50.90 while global benchmark Brent was up 29 cents, or 0.52 per cent cent to USD 56.54 a barrel. (Representational Image )

Crude oil rose by Rs 13 to Rs 3,309 per barrel in futures market on Friday as speculators indulged in creating speculative positions, taking positive cues from Asian markets. At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 13, or 0.39 per cent, to Rs 3,309 per barrel, in a business turnover of 2,722 lots.

The oil for delivery in November too rose by a similar margin to quote at Rs 3,340 per barrel in 153 lots. Analysts said speculative positions created by traders as oil prices edged up in Asia on Friday, mainly influenced crude prices at futures trade in New Delhi.

Meanwhile, West Texas Intermediate gained 30 cents, or 0.59 per cent, to USD 50.90 while global benchmark Brent was up 29 cents, or 0.52 per cent cent to USD 56.54 a barrel.

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