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Crude oil futures rise on positive global cues

Globally, the West Texas Intermediate was trading up 1.74 per cent to $56.13 per barrel.

PTI|
Dec 02, 2019, 02.44 PM IST
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Analysts said raising of bets by participants kept crude prices higher in futures trade here.

Commodity Summary
MCX

CRUDEOIL
New Delhi: Crude oil prices on Monday rose 1.13 per cent to Rs 4,025 per barrel as speculators created fresh positions amid positive global trends.

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

On the Multi Commodity Exchange, crude for delivery in December traded higher by Rs 45, or 1.13 per cent, to Rs 4,025 per barrel in 19,253 lots.

For Janaury delivery, crude oil was quoting higher by Rs 49, or 1.23 per cent, to Rs 4,037 per barrel with 505 lots.

Globally, the West Texas Intermediate was trading up 1.74 per cent to $56.13 per barrel.

Meanwhile, Brent crude, the international benchmark edged up 1.34 per cent to $61.32 per barrel in New York.

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