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This is an archive article published on November 25, 2009

Crude oil futures up on pick up in demand

Crude oil futures gained 0.30 per cent on pick up in demand in spot markets.

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Crude oil futures gained 0.30 per cent on Wednesday on pick up in demand in spot markets.

Crude oil for far-month February contract gained 0.30 per cent to Rs 3,649 per barrel in business turnover in 12 lots.

Similarly,oil for delivery in January contract traded higher by 0.19 per cent to Rs 3,608 per barrel with business turnover in 279 lots.

Marketmen said pick up in demand in spot markets mainly led to rise in crude oil prices at futures market.

 

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