Economic Times (09/01/2020) - New Delhi: Crude oil prices on Thursday rose by Rs 9 to Rs 4,269 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 oil for delivery in January traded higher by Rs 9, or 0.21 per cent, to Rs 4,269 per barrel in 53,942 lots.

Crude oil for February delivery was up by Rs 10, or 0.23 per cent, at Rs 4,273 per barrel with an open interest of 2,717 lots.

Globally, the West Texas Intermediate was trading up 0.05 per cent to $59.64 per barrel.

Meanwhile, Brent crude, the international benchmark, edged up 0.02 per cent to $65.45 per barrel in New York.

Read more at:
https://economictimes.indiatimes.com/https://economictimes.indiatimes.com/markets/commodities/news/crude-oil-futures-gain-on-spot-demand-global-cues/articleshow/73170035.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst