Crude oil futures rise on positive global cues

On the Multi Commodity Exchange, crude for delivery in December traded higher by Rs 18, 0.45 per cent, to Rs 4,026 per barrel.

Update: 2019-12-03 08:34 GMT

India consumed 211.6 million tonnes of petroleum products in 2018-19, up from 206.2 million tonnes in the previous year.

New Delhi: Crude oil prices on Tuesday gained Rs 18 to Rs 4,026 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.

On the Multi Commodity Exchange, crude for delivery in December traded higher by Rs 18, 0.45 per cent, to Rs 4,026 per barrel in 14,347 lots.

For January delivery, crude oil was quoting higher by Rs 16, or 0.40 per cent, at Rs 4,035 per barrel with 202 lots.

Globally, West Texas Intermediate crude oil was trading 0.24 per cent up at USD 56.20 per barrel.

Meanwhile, Brent crude, the international benchmark edged up 0.28 per cent to USD 61.09 per barrel in New York.