Due to strong spot demand, traders increased the size of their deals, which led to a rise of Rs 83 to Rs 4,925 per barrel in the trading on Wednesday.
New Delhi. Due to strong spot demand, traders increased the size of their deals, which led to a rise of Rs 83 to Rs 4,925 per barrel in the trading on Wednesday.
At the Multi Commodity Exchange, the price for May delivery of Kutchel rose by Rs 83, or 1.71 per cent, to Rs 4,925 per barrel, with a business turnover of 8,723 lots.
Market analysts said crude oil prices rose in futures trade as traders increased the size of their deals. Globally, West Texas Intermediate crude oil prices in New York rose by one percent to $ 66.35 a barrel. At the same time, the price of Brent crude, considered a global standard, rose by 1.02 percent to $ 69.58 per barrel.
The rising prices of petrol diesel (Petrol Diesel Price Today) has once again increased the problem of the common man. Government oil companies have increased the price of petrol diesel continuously on Tuesday and Wednesday. On Wednesday, the price of petrol was 19 paise per liter, while diesel was increased by 21 paise. On Tuesday too, the price of petrol diesel was increased by 15 to 20 paise. After a two-day hike, it reached Rs 90.74 per liter in the national capital on Wednesday, while talking about Diesel price has reached above Rs 81 per liter.