Strong Spot Demand Drives Crude Oil Futures Higher

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Crude Oil Futures Jump to Rs 7,018 on Strong Spot Demand

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News18•04-03-2026, 12:45

Crude Oil Futures Jump to Rs 7,018 on Strong Spot Demand

•Crude oil futures rose by Rs 93 to Rs 7,018 per barrel in futures trade on Wednesday, March 4.
•The price increase was driven by firm spot demand and participants widening their positions.
•On the Multi Commodity Exchange, crude oil for April delivery traded 1.34 per cent higher.
•Globally, West Texas Intermediate crude gained 2.32 per cent to USD 76.28 per barrel.
•Brent crude also saw a rise of 2.52 per cent, reaching USD 83.46 per barrel in New York.

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