 "Crude oil prices recover on Asian cues")
Crude oil futures rose by Rs 13 to Rs 2,510 per barrel today as speculators widened their positions amid a positive trend overseas.
In futures trading at Multi Commodity Exchange, crude for delivery in February next year was trading higher by Rs 3, or 0.12%, to Rs 2,510 per barrel, with a business turnover of 106 lots.
The oil for delivery in January also rose Rs 2, or 0.12%, to Rs 2,429 per barrel in a turnover of 3,242 lots.
Meanwhile, West Texas Intermediate crude prices for February delivery rose 20 cents to $36.34 while Brent for February stood at $36.36 per barrel, up 25 cents above its ending price in London at the New York Mercantile Exchange.
In futures trading at Multi Commodity Exchange, crude for delivery in February next year was trading higher by Rs 3, or 0.12%, to Rs 2,510 per barrel, with a business turnover of 106 lots.
The oil for delivery in January also rose Rs 2, or 0.12%, to Rs 2,429 per barrel in a turnover of 3,242 lots.
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Analysts said the rise in crude oil futures was largely in tandem with a firm trend in Asian trade after the US benchmark WTI overtook its European counterpart Brent in reaction to the lifting of a 40-year US crude exports ban.
Meanwhile, West Texas Intermediate crude prices for February delivery rose 20 cents to $36.34 while Brent for February stood at $36.36 per barrel, up 25 cents above its ending price in London at the New York Mercantile Exchange.