Indian Crude Oil Futures Soar Amid Global Price Gains
Crude oil futures in India rose sharply by Rs 133 to Rs 8,711 per barrel on Monday amid positive global trends.
Globally, WTI crude and Brent crude also saw price increases, with West Texas Intermediate trading at USD 92.35 per barrel, up 0.95 per cent, and Brent crude up 1.08 per cent at USD 97.32 per barrel in New York.
The rise in bets by participants on the Multi Commodity Exchange kept crude oil prices higher in futures trade.