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Crude oil futures gain on global cues

Crude oil prices on Thursday rose by Rs 20 to Rs 4,376 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 20, or 0.46 per cent, to Rs 4,376 per barrel in 16,339 lots.

Crude oil for February delivery was up by Rs 21, or 0.48 per cent, at Rs 4,378 per barrel with an open interest of 415 lots.

Globally, the West Texas Intermediate was trading up 0.36 per cent to $61.33 per barrel.

Meanwhile, Brent crude, the international benchmark, edged up 0.24 per cent to $67.44 per barrel in New York.

Source: Economic Times