Crude oil futures up 0.18%

Firming trend in Asia caused the uptrend

Crude oil futures prices rose by 0.18% to Rs 5,024 per barrel today.

At the Multi Commodity Exchange, the January contract gained Rs 9, or 0.18%, to Rs 5,024 per barrel, with a business turnover of 4,744 lots.

The February contract too rose by Rs 9, or 0.18%, to Rs 5,069 per barrel, with a business volume of 469 lots.

Marketmen said firming trend in Asia after US politicians signalled a last-minute deal to avoid the economy-crunching fiscal cliff led to the uptrend in the crude futures.

Meanwhile, the February contract advanced by $ 1.02 to $ 91.82 per barrel on the New York Mercantile Exchange.