 "Crude oil up 0.4% on firm overseas cues")
Crude oil futures prices today recovered by 0.4% to Rs 6,527 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region ahead of US stockpiles report.
At the Multi Commodity Exchange, crude oil prices for delivery in October traded Rs 26 or 0.40% higher at Rs 6,527 per barrel, with a business turnover of 1,865 lots.
The crude oil prices for November are also up by Rs 22, or 0.34%, to Rs 6,530 per barrel, with a business volume of 52 lots.
Meanwhile, West Texas Intermediate crude prices for October delivery gained 16 cents to $103.29 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil prices for delivery in October traded Rs 26 or 0.40% higher at Rs 6,527 per barrel, with a business turnover of 1,865 lots.
The crude oil prices for November are also up by Rs 22, or 0.34%, to Rs 6,530 per barrel, with a business volume of 52 lots.
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Analysts said the rise in crude futures was attributed to a firming trend in the Asian region as expect a US stockpiles report to show a fall, indicating firm demand in the world's top crude consumer.
Meanwhile, West Texas Intermediate crude prices for October delivery gained 16 cents to $103.29 a barrel in mid-morning trade on the New York Mercantile Exchange.
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