 "Crude oil futures firm up on overseas cues")
Crude oil futures prices rose by 0.64 % to Rs 5,832 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 37 or 0.64 %, higher at Rs 5,832 per barrel, with a business turnover of 13,470 lots.
The crude oil for August also moved up by Rs 35, or 0.60%, to Rs 5,844 per barrel, with a business volume of 1,294 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia as a weak US data suggested that the
Federal Reserve will hold off on ending its aggressive bond-buying programme, while concerns over China's liquidity crisis also eased.
Meanwhile, crude oil for the August delivery added 12 cents to $95.62 a barrel on the New York Mercantile Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%