Crude oil futures rise amid positive global cues
On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 51, or 1.3 per cent, to Rs 3,982 per barrel in 27,758 lots.
On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 51, or 1.3 per cent, to Rs 3,982 per barrel in 27,758 lots.
Experts believed the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.
On the Multi Commodity Exchange, crude oil prices for January delivery surged by Rs 2, or 0.05 per cent to Rs 4,162 per barrel in 2,434 lots.
However, the yellow metal was trading higher by 0.05 per cent to USD 1,270.70 an ounce in Singapore.
At the Multi Commodity Exchange, nickel for delivery in current month fell by Rs 2.50, or 0.28 per cent, to Rs 886.50 per kg in a business turnover of 2,815 lots.
Crude oil prices rose 0.42 per cent to Rs 4,078 per barrel in futures market Friday as speculators created fresh bets, taking positive cues from domestic markets.
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