Crude oil futures up on Asian cues_Crude oil futures up on Asian cues

Crude oil futures up on Asian cues

May 31, 2024

NEW DELHI: Crude oil futures rose 1.30 percent in rupee terms to touch Rs 3, 580 a barrel today as speculators’ positions widened, following a strong trend across Asia.

Crude oil prices on the Korea Mercantile Exchange (KMEX)1 rose 46 months Rupees, or 1.30%, to 2,789 lots, or Rs 3,580 per barrel.

In February, crude oil prices also rose by Rs 44 (1.23%) to Rs 3,630 per barrel with 111 lots traded. Market participants said the rise in crude oil futures was largely in line with improving trade trends in Asia. Asian crude prices are expected to rise on improved U.S. economic data, but analysts said gains will be curbed due to traders’ restrictions on liquidating positions.

Meanwhile, in early trading in New York, West Texas Intermediate crude for February delivery was up 51 cents at $55.77 a barrel, while Brent crude was up 29 cents at $60.40 a barrel. York Mercantile Exchange.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent