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Crude oil futures rose on spot demand

 Last Update: 2023-03-05
 Source: Internet
 Author: User

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According to the Indian Economic Times on March 21: On Monday, crude oil prices soared 309 rupees to 8,269 rupees / barrel, with participants expanding their positions due to strong spot demand
.
On multi-commodity exchanges, crude for March delivery rose 309 rupees, or 3.
88 percent
, to 8,269 rupees.

Analysts said market participants stepped up bets, sending crude futures higher
.

Globally, West Texas Intermediate crude rose 3.
41 percent to $108.
27 a barrel, while New York Brent rose 3.
21 percent to $
111.
40 a barrel.

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