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    Crude oil futures rise on spot demand

    Synopsis

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

    oil crude
    Globally, West Texas Intermediate crude oil rose by 0.08 per cent to USD 39.34 per barrel, while Brent crude was trading up 0.53 per cent at USD 41.66 per barrel in New York.
    New Delhi: Crude oil prices on Tuesday rose by Rs 53 to Rs 2,941 per barrel as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for delivery in October traded higher by Rs 53, or 1.84 per cent, at Rs 2,941 per barrel in 3,121 lots.

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

    Globally, West Texas Intermediate crude oil rose by 0.08 per cent to USD 39.34 per barrel, while Brent crude was trading up 0.53 per cent at USD 41.66 per barrel in New York.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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