Crude oil rises 0.16% on Asian cues
Speculators create fresh positions West Texas Intermediate crude for October delivery adds 20 cents; Brent gains 13 cents late morning on Nymex
 "Crude oil rises 0.16% on Asian cues")
Crude oil futures recovered 0.16 per cent to Rs 5,692 per barrel today as speculators created positions amid a better trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in September gained Rs 9, or 0.16 per cent, to Rs 5,692 per barrel, with a business turnover of 868 lots.
The oil for October delivery rose by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 40 lots.
Meanwhile, West Texas Intermediate crude prices for October delivery advanced by 20 cents to $93.55, while Brent crude for October gained 13 cents to $102.78 a barrel in late-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in September gained Rs 9, or 0.16 per cent, to Rs 5,692 per barrel, with a business turnover of 868 lots.
The oil for October delivery rose by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 40 lots.
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Marketmen said the rise in crude oil futures was largely in tune with a better trend in Asian trade as dealers await the release of a batch of US economic data for clues on whether the Federal Reserve will speed up its timetable for raising interest rates.
Meanwhile, West Texas Intermediate crude prices for October delivery advanced by 20 cents to $93.55, while Brent crude for October gained 13 cents to $102.78 a barrel in late-morning trade on the New York Mercantile Exchange.