India, March 12 -- Crude oil futures on Thursday increased by Rs 371, reaching Rs 8,406 per barrel, driven by stronger spot market demand and increased positions taken by traders.
On the Multi Commodity Exchange of India (MCX), crude oil contracts for April delivery rose by 4.62%, or Rs 371, to trade at Rs 8,406 per barrel, with a total of 15,343 lots traded.
Market analysts noted that the rise in crude oil futures was supported by fresh buying and higher participation by traders, reflecting positive sentiment in the market amid firm demand in the physical market.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....