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Crude Oil Futures Surge on Positive Global Trends
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News18•24-09-2026, 12:45
Crude Oil Futures Surge on Positive Global Trends
- •Crude oil prices increased by Rs 78 to Rs 8,903 per barrel in futures trade on Thursday.
- •On the Multi Commodity Exchange, September delivery crude oil futures rose by 0.88 per cent.
- •Analysts attribute the price hike to increased bets by participants in the futures market.
- •Globally, West Texas Intermediate crude traded at USD 92.70 per barrel, up 0.59 per cent.
- •Brent crude saw a marginal increase of 0.71 per cent, reaching USD 103.81 per barrel in New York.
Key Questions Answered
Crude oil futures for September delivery rose by Rs 78, representing a 0.88 per cent increase to reach Rs 8,903 per barrel on the Multi Commodity Exchange.
Globally, West Texas Intermediate crude traded at USD 92.70 per barrel up 0.59 per cent, while Brent crude was marginally higher by 0.71 per cent at USD 103.81 per barrel in New York.
Analysts noted that an increase in betting activity by market participants drove prices higher during the futures trade.
