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10/07/2026 13:08

Crude oil futures edge higher on strong spot demand

Crude oil futures rose 0.38% on Friday, with the July contract gaining Rs 26 to Rs 6,880 per barrel on the Multi Commodity Exchange (MCX), supported by firm demand in the spot market.

Market participants increased their positions amid improving spot demand, while analysts attributed the rise in crude oil futures to fresh buying interest and higher bets by traders.