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Crude oil futures gain marginally on domestic cues

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

PTI|
Nov 28, 2019, 02.56 PM IST
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On the Multi Commodity Exchange, crude for delivery in December traded higher by Rs 5, 0.12 per cent, to Rs 4,132 per barrel in 25,895 lots.

Commodity Summary
MCX

CRUDEOIL
New Delhi: Crude oil prices on Thursday gained Rs 5 at Rs 4,132 per barrel as speculators created fresh positions amid positive trend in spot market.

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 5, 0.12 per cent, to Rs 4,132 per barrel in 25,895 lots.

Globally, West Texas Intermediate crude oil was trading 0.55 per cent down at USD 57.19 per barrel.

Meanwhile, Brent crude, the international benchmark, dropped 0.28 per cent to USD 63.88 per barrel in New York.

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