India, June 19 -- Crude oil futures advanced nearly 3% on Friday as traders increased their positions amid firm demand in the physical market.
On the Multi Commodity Exchange (MCX), crude oil contracts for July delivery rose by Rs 211, or 2.99%, to Rs 7,265 per barrel, with a trading volume of 9,456 lots.
Market analysts attributed the gains to increased buying interest and fresh positions taken by participants, supported by strong spot market demand, which kept crude oil prices elevated in futures trading.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....