Crude oil up by 1.2% on firm overseas cues
Rise in crude oil futures was supported by a firming trend
 "Crude oil up by 1.2% on firm overseas cues")
Crude oil futures prices today rose marginally by 1.20% to Rs 6,637 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region on positive economic data.
At the Multi Commodity Exchange, crude oil prices for delivery in August traded Rs 80, or 1.20% higher at Rs 6,637 per barrel, with a business turnover of 8,803 lots.
The crude oil prices for September also up by Rs 77, or 1.18%, to Rs 6,609 per barrel, with a business volume of 1,395 lots.
Also Read
Market analysts said the rise in crude oil futures supported by a firming trend in Asia as positive economic data in energy guzzlers the US and China spurred optimism about global demand.
Meanwhile, West Texas Intermediate crude prices for September delivery climbed 64 cents to $108.53 a barrel on the New York Mercantile Exchange.