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Crude oil for delivery in August rises by INR 33, or 0.70 pct

Similarly, the oil for delivery in September contracts gained Rs 31, or 0.67 percent, to Rs 4,657 per barrel in 95 lots.


PTI Last Updated at 06 Aug 2018, 11:08 IST India
Crude oil for delivery in August rises by INR 33, or 0.70 pct
  • Crude oil prices rose 0.70 percent to Rs 4719 per barrel in futures trade today as participants raised bets, taking positive cues from overseas markets. (Image Credit: Wikipedia)

Crude oil prices rose 0.70 percent to Rs 4719 per barrel in futures trade today as participants raised bets, taking positive cues from overseas markets.

At the Multi Commodity Exchange, crude oil for delivery in August rose by Rs 33, or 0.70 percent, to Rs 4,719 per barrel in a business turnover of 299 lots.

Similarly, the oil for delivery in September contracts gained Rs 31, or 0.67 percent, to Rs 4,657 per barrel in 95 lots.

Marketmen said sentiment boosted after oil prices rose in global markets after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.

Meanwhile, West Texas Intermediate crude prices went up by 28 cents, or 0.41 percent, to USD 68.77 a barrel while Brent crude up by 21 cents, or 0.29 percent, to USD 73.42 a barrel on the New York Mercantile Exchange.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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