 "Crude oil up 0.4% on overseas cues")
Crude oil futures prices rose by 0.42% to Rs 6,186 per barrel today as speculators created fresh positions, tracking a firming trend in Asia on supply concerns.
At the Multi Commodity Exchange, crude oil for delivery in January traded Rs 26, or 0.42%, higher at Rs 6,186 per barrel, with a business turnover of 1,479 lots.
The oil for delivery in February also moved up by Rs 25, or 0.40%, to Rs 6,230 per barrel, with a business volume of 75 lots.
Meanwhile, crude oil for February delivery was up 27 cents to USD 99.49 a barrel, while Brent North Sea crude for February gained 20 cents to USD 112.10 on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in January traded Rs 26, or 0.42%, higher at Rs 6,186 per barrel, with a business turnover of 1,479 lots.
The oil for delivery in February also moved up by Rs 25, or 0.40%, to Rs 6,230 per barrel, with a business volume of 75 lots.
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Market analysts attributed the rise in crude oil futures to a firming trend in Asia on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.
Meanwhile, crude oil for February delivery was up 27 cents to USD 99.49 a barrel, while Brent North Sea crude for February gained 20 cents to USD 112.10 on the New York Mercantile Exchange.
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