Commodities
Crude Oil Futures Prices Surge Amid Global Market Optimism
Crude oil futures prices in India rose by Rs 35 to Rs 9,134 per barrel on Thursday, following positive global trends. The increase was driven by higher bets from participants in the futures trade.
The Multi Commodity Exchange reported a rise of Rs 35, or 0.38%, in crude oil futures for September delivery. This price hike is attributed to increased participation in the futures market.
Globally, West Texas Intermediate (WTI) and Brent crude also saw slight price increases. WTI was trading at USD 96.12 per barrel, up 0.07%, while Brent crude was up 0.13% at USD 101.08 per barrel in New York.