Crude oil futures jump to Rs 4,090 per barrel

Posted Monday 15th January 2018 03:42:41 AM by Vishvadev

Crude oil futures traded higher by 0.62 per cent at Rs. 4,090 per barrel at the futures market as speculators built up positions owing to positive cues from global market ( mcx tips ).

At the Multi Commodity Exchange, crude oil for delivery in February rose Rs. 25 or 0.62 per cent to Rs. 4,090 per barrel in a business turnover of 314 lots. The oil for delivery in January was trading higher by Rs. 23 or 0.57 per cent at Rs. 4,088 per barrel in 3,312 lots( free commodity tips on mobile ).

Analysts said speculators widened their positions on the back of a firm trend overseas. The West Texas Intermediate gained 0.39 per cent to $64.55 per barrel, while Brent crude rose 0.11 per cent to $69.95( commodity tips today ).