Crude oil futures up on overseas cues

Crude oil futures traded 0.61 per cent higher at Rs 6,112 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in February gained Rs 37, or 0.61 per cent, to Rs 6,112 per barrel, with a business turnover of 2,764 lots.
Oil for March delivery moved up by Rs 35, or 0.58 per cent, to Rs 6,102 per barrel, with a business volume of 171 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as extra cold weather in the United States bolstered demand for heating fuel.

Meanwhile, crude oil for March delivery advanced by 40 cents to USD 97.59 a barrel in mid-morning trade at the New York Mercantile Exchange.