Crude Oil News

Crude Oil Planned Top To Rs 3,380 Per Barrel

Crude Oil Planned Top To Rs 3,380 Per Barrel

Crude Oil Planned Top To Rs 3,380 Per Barrel

Crude oil futures rose sharply by Rs. 21 to Rs. 3,380 per barrel today as speculators created positions owing to firm global cues.At the Multi Commodity Exchange, crude oil for delivery in current month was up by Rs. 21 or 0.63 per cent at Rs. 3,380 per barrel with a business turnover of 1,196 lots.The oil for delivery in far-month May gained Rs. 19 or 0.56 per cent to Rs. 3,417 per barrel in a turnover of 23 lots.Analysts said widening of positions by speculators in line with a firm trend in global markets, supported the upside in crude futures.

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