Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.
The ratings agency said that higher crude prices would also test the Centre's resolve to keep prices of auto-fuels at market-determined levels, which would have material implications for private marketers.
New Delhi: Crude oil prices rose 0.18 per cent to Rs 3,906 per barrel in futures trade Friday as speculators raised their exposure on firm spot demand.
On the Multi Commodity Exchange, crude for September contracts went up by Rs 7, or 0.18 per cent, to Rs 3,906 per barrel in a business turnover of 26,861 lots.
Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.
However, globally, West Texas Intermediate were trading lower 0.02 per cent to USD 55.08, while international benchmark Brent dipped 0.20 per cent to USD 60.26 per barrel in New York.
Next Story
