Crude oil futures rise 0.57 per cent to Rs 7,808 per barrel tracking global cues

Representational Image. File pic.

Crude oil prices on Friday rose 0.57 per cent to Rs 7,808 per barrel in futures trade as participants increased their positions following firm spot demand.

On the Multi Commodity Exchange, crude oil for September delivery traded higher by Rs 44, or 0.57 per cent, at Rs 7,808 per barrel in 3,491 lots.

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

Globally, West Texas Intermediate crude was trading 1.29 per cent higher at USD 82.30 per barrel, while Brent crude rose 0.90 per cent to USD 87.85 per barrel in New York.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.