Crude oil prices surge by Rs 212 to Rs 8,543 per barrel on spot demand

AgenciesUpdated: Tuesday, March 22, 2022, 02:27 PM IST
article-image
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 212 or 2.54 per cent to Rs 8,543 per barrel in 7,644 lots./ Representative image | Photo credit: IANS

Crude oil prices on Tuesday surged by Rs 212 to Rs 8,543 per barrel as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 212 or 2.54 per cent to Rs 8,543 per barrel in 7,644 lots.

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

Globally, West Texas Intermediate crude oil was up by 1.33 per cent at $113.61 per barrel, while Brent crude traded 1.45 per cent higher at $117.30 per barrel in New York.

(With inputs from PTI)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Who is Hadi Matar, the 24-year-old who attacked Salman Rushdie?

Who is Hadi Matar, the 24-year-old who attacked Salman Rushdie?

Thane Creek gets 'RAMSAR' status; will boost tourism, create job opportunities

Thane Creek gets 'RAMSAR' status; will boost tourism, create job opportunities

Top Kashmir militant Bitta Karate's wife, Hizbul chief's son among 4 sacked from govt service

Top Kashmir militant Bitta Karate's wife, Hizbul chief's son among 4 sacked from govt service

'I'd take them to court': Ian Chappell on Cricket Australia not allowing batsman Chris Lynn to play...

'I'd take them to court': Ian Chappell on Cricket Australia not allowing batsman Chris Lynn to play...

Who is Shah Faesal? Know all about J&K IAS topper who quit service and joined politics only to...

Who is Shah Faesal? Know all about J&K IAS topper who quit service and joined politics only to...