Crude oil up by 0.3% on overseas cues

Rise in crude oil futures was attributed to a mixed trend in Asia

Press Trust of India New Delhi
Last Updated : Aug 07 2013 | 11:48 AM IST
Crude oil futures prices rose by 0.31% to Rs 6,474 per barrel today as speculators created fresh positions, tracking a mixed trend in Asia.
 
At the Multi Commodity Exchange, crude oil for delivery in September traded Rs 20, or 0.31%, higher at Rs 6,474 per barrel with a business turnover of 277 lots.
 
The crude oil for August also moved up by Rs 18, or 0.28%, to Rs 6,477 per barrel, with a business volume of 277 lots.
 

Also Read

Market analysts said the rise in crude oil futures was attributed to a mixed trend in Asia as investors awaited the latest US crude stockpiles data for clues about demand from the world's biggest oil consumer.
 
Meanwhile, West Texas Intermediate crude prices for delivery in September was up six cents to $105.36 a barrel on the New York Mercantile Exchange in the morning trade. 
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 07 2013 | 11:46 AM IST

Next Story