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Crude oil futures gain on spot demand, global cues

Crude oil prices on Thursday gained by Rs 2 to Rs 4,162 per barrel

PTI|
Last Updated: Dec 12, 2019, 04.20 PM IST|Original: Dec 12, 2019, 04.20 PM IST
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Analysts said raising of bets by participants kept crude prices higher in futures trade.

Commodity Summary
MCX

CRUDEOIL
Crude oil prices on Thursday gained by Rs 2 to Rs 4,162 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 January traded higher by Rs 2, or 0.05 per cent to Rs 4,162 per barrel in 2,434 lots.

Globally, West Texas Intermediate crude oil was trading 0.46 per cent up at $59.03 per barrel.

Meanwhile, Brent crude, the international benchmark rose 0.71 per cent to $64.17 per barrel in New York.

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