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

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)

RECENT STORIES

Gold Likely To Consolidate Next Week As US Data, Fed Meeting Loom: Analysts

Gold Likely To Consolidate Next Week As US Data, Fed Meeting Loom: Analysts

Global cues, FPI inflows and Q2 Earnings To Steer Markets, Muhurat Trading To Mark Samvat 2082

Global cues, FPI inflows and Q2 Earnings To Steer Markets, Muhurat Trading To Mark Samvat 2082

Muhurat Trading 2025: Confusion Over Date Resolved, Special Diwali Trading Session To Be Held In The...

Muhurat Trading 2025: Confusion Over Date Resolved, Special Diwali Trading Session To Be Held In The...

New GST Rules: Government Extends Return Filing Deadline, CBIC Issues Official Notification Giving...

New GST Rules: Government Extends Return Filing Deadline, CBIC Issues Official Notification Giving...

India’s Retail Inflation Set To Ease Further In October Below 0.5%, Supported By Food Price Drop...

India’s Retail Inflation Set To Ease Further In October Below 0.5%, Supported By Food Price Drop...