Crude oil futures gain marginally on global cues
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
By : DC Correspondent
Update: 2019-12-17 07:36 GMT
New Delhi: Crude oil prices on Tuesday rose marginally by Re 1 to Rs 4,273 per barrel as speculators created fresh positions amid positive global trends.
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
On the Multi Commodity Exchange, crude for delivery in December traded higher by Re 1, or 0.02 per cent, to Rs 4,273 per barrel in 14,137 lots.
Globally, the West Texas Intermediate was trading up 0.07 per cent to USD 60.25 per barrel.
Meanwhile, Brent crude, the international benchmark, edged up 0.09 per cent to USD 65.40 per barrel in New York.