Crude oil up 0.2% on overseas cues
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia ahead of US stockpiles report
 "Crude oil up 0.2% on overseas cues")
Crude oil futures prices rose by 0.21% 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 November traded Rs 12, or 0.21%, higher at Rs 5,832 per barrel, with a business turnover of 4,539 lots.
The oil for December also moved up by Rs 12, or 0.20%, to Rs 5,890 per barrel, with a business volume of 254 lots.
Meanwhile, crude oil for December delivery added 41 cents to $93.78 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in November traded Rs 12, or 0.21%, higher at Rs 5,832 per barrel, with a business turnover of 4,539 lots.
The oil for December also moved up by Rs 12, or 0.20%, to Rs 5,890 per barrel, with a business volume of 254 lots.
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Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia ahead of US stockpiles report.
Meanwhile, crude oil for December delivery added 41 cents to $93.78 a barrel in mid-morning trade on the New York Mercantile Exchange.