Crude oil futures traded higher on Wednesday morning as the industry data showed a huge decline in inventories in the US for the week ending June 28. At 9.54 am on Wednesday, September Brent oil futures were at $86.67, up by 0.50 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $83.17, up by 0.43 per cent. China is a major consumer of crude oil in the world market. Mentha oil, guar gum gainJuly mentha oil futures were trading at ₹947.50 on MCX against the previous close of ₹937.30, up by 1.09 per cent. July dhaniya futures were trading at ₹7244 on NCDEX against the previous close of ₹7204, up by 0.56 per cent.

Source: The Hindu July 03, 2024 16:55 UTC