Crude oil up 0.3% on global cues

At the MCX, June crude oil gained 0.30% to Rs 5,086 per barrel

Crude oil prices rose by 0.30% to Rs 5,086 per barrel in the futures trade today as speculators created fresh positions, tracking a firming trend in Asian trade.

At the Multi Commodity Exchange, June crude oil gained Rs 15, or 0.30%, to Rs 5,086 per barrel in business turnover of 4,921 lots.

The July contract moved up by Rs 14, or 0.27%, to Rs 5,128 per barrel in 243 lots.

Market analysts attributed the rise in crude oil futures to firming global trend.    

Meanwhile, the July delivery advanced 23 cents to $91.09 a barrel on the New York Mercantile Exchange.