Crude oil futures remain higher on sustained buying

Crude oil prices rose by Rs 10, or 0.30 per cent, to Rs 3,392 per barrel in futures trading today on sustained buying by traders driven by rise in demand.

At the Multi Commodity Exchange, crude oil for July contract rose by Rs 10, or 0.30 per cent, to Rs 3,392 per barrel, with an open interest of 2,709 lots.

The oil for delivery in June contract also traded higher by Rs 7.00, or 0.21 per cent, to Rs 3,317 per barrel, with a business turnover of 21,463 lots.

Marketmen said sustained buying by traders led to a rise in crude oil prices in futures trade.