Crude oil up by 0.2% on firm overseas cues

Speculators enlarged positions, tracking a firming trend in the Asian region

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Jul 22 2013 | 1:48 PM IST
Crude oil futures prices today rose marginally by 0.19% to Rs 6,445 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.
 
At the Multi Commodity Exchange, crude oil prices for delivery in August traded Rs 12, or 0.19% higher at Rs 6,445 per barrel, with a business turnover of 5,085 lots.
 
The crude oil prices for September also up by Rs 7, or 0.11%, to Rs 6,382 per barrel, with a business volume of 495 lots.
 

Also Read

Market analysts said the rise in crude oil futures supported by a firming trend in Asia following a nearly 27- million barrel decline in US stockpiles in the past three weeks.
 
Meanwhile, West Texas Intermediate crude prices for August delivery gained 44 cents to $108.48 a barrel on the New York Mercantile Exchange. 

More From This Section

First Published: Jul 22 2013 | 1:17 PM IST

Next Story