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  Business   Market  04 Sep 2019  Crude oil prices up on firm global cues

Crude oil prices up on firm global cues

PTI
Published : Sep 4, 2019, 2:52 pm IST
Updated : Sep 4, 2019, 2:52 pm IST

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in the global market.

On the Multi Commodity Exchange, crude contracts for September delivery went up by Rs 37, or 0.95 per cent, to Rs 3,920 per barrel in a business turnover of 19,091 lots.
 On the Multi Commodity Exchange, crude contracts for September delivery went up by Rs 37, or 0.95 per cent, to Rs 3,920 per barrel in a business turnover of 19,091 lots.

New Delhi: Crude oil prices rose 0.95 per cent to Rs 3,920 per barrel in futures trade on Wednesday as speculators raised their exposure, tracking a rebound in global market.

On the Multi Commodity Exchange, crude contracts for September delivery went up by Rs 37, or 0.95 per cent, to Rs 3,920 per barrel in a business turnover of 19,091 lots.

 

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in the global market.

Meanwhile, West Texas Intermediate rose 0.48 per cent to USD 54.20. However, international benchmark Brent fell 0.38 per cent to USD 58.48 per barrel at New York Mercantile Exchange.

Tags: crude oil, multi commodity exchange, brent crude, west texas intermediate
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