Latest News | Crude Oil Futures Gain on Spot Demand

New Delhi, Nov 1 (PTI) Crude oil prices on Tuesday rose by Rs 261 to Rs 7,362 per barrel in futures trade as participants widened their positions following firm spot demand.

On the Multi Commodity Exchange, crude oil for November delivery traded higher by Rs 261 or 3.68 per cent at Rs 7,362 per barrel in 5,760 lots.

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Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude oil was up 3.04 per cent at USD 89.16 per barrel, and Brent crude traded 2.66 per cent higher at USD 95.28 per barrel in New York.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)