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Crude oil futures firm up 0.6% on overseas cues

Crude oil for June moved up by 0.58%.

Press Trust of India  |  New Delhi 

futures prices rose by 0.60% to Rs 5,575 per barrel today as speculators created fresh positions, tracking a firming trend in Asia as moderate growth in new jobs in the US raised hopes about a pick-up in demand.
 
At the Multi Commodity Exchange, for delivery in July traded Rs 33, or 0.60% higher at Rs 5,575 per barrel, with a business turnover of 1,378 lots.
 
for June also moved up by Rs 32, or 0.58%, to Rs 5,545 per barrel, with a business volume of 10,762 lots.
 
Market analysts said the rise in futures was attributed to a firming trend in Asia after upbeat US jobs data, raising hopes about a pick-up in demand in the world's biggest crude consumer.
 
Meanwhile, for May delivery added 12 cents to $96.15 a barrel on the  

First Published: Mon, June 10 2013. 12:47 IST
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