Crude Oil Prices Surge 2% Amid Strong Demand, ETEnergyworld

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<p>The March contract also traded higher by ₹104, or 1.91 per cent, to ₹5,555 per barrel in 3,016 lots.</p> — The March contract also traded higher by ₹104, or 1.91 per cent, to ₹5,555 per barrel in 3,016 lots.

Crude oil prices on Friday climbed ₹114 to ₹5,554 per barrel amid strong trends in global markets.

On the Multi Commodity Exchange, crude oil for February delivery increased by ₹114, or 2.1 per cent, to ₹5,554 per barrel in a business turnover of 14,267 lots.

The March contract also traded higher by ₹104, or 1.91 per cent, to ₹5,555 per barrel in 3,016 lots.

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

In the global markets, West Texas Intermediate crude oil rose 1.42 per cent to $60.20 per barrel, while Brent Crude went up by 1.34 per cent to $64.91 per barrel in New York.