MCX Crude oil futures prices rose notably by 1.22% to Rs 3,165 per barrel today as speculators engaged in enlarging positions, tracking a firming trend in Asia.
On the MCX crude oil for delivery in March traded higher by Rs. 38 or 1.22 per cent higher at Rs. 3,165 per barrel with a business turnover of 263 lots.
Similarly, the oil for February delivery also moved up by Rs. 37 or 1.21 per cent to Rs. 3.090 per barrel with a business volume of 3,352 lots.
Meanwhile, West Texas Intermediate (WTI) crude prices for March delivery rose 37 cents to $49.94, while Brent crude for March gained 22 cents to $54.97 a barrel in late morning trade on the New York Mercantile Exchange.
On the MCX crude oil for delivery in March traded higher by Rs. 38 or 1.22 per cent higher at Rs. 3,165 per barrel with a business turnover of 263 lots.
Similarly, the oil for February delivery also moved up by Rs. 37 or 1.21 per cent to Rs. 3.090 per barrel with a business volume of 3,352 lots.
Meanwhile, West Texas Intermediate (WTI) crude prices for March delivery rose 37 cents to $49.94, while Brent crude for March gained 22 cents to $54.97 a barrel in late morning trade on the New York Mercantile Exchange.
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