Crude oil futures up 0.2% on overseas cues
Prices rose as speculators created fresh positions
)
Crude oil futures for April gained Rs 12, or 0.24%, to Rs 5,108 per barrel in 5,253 lots.
At the Multi Commodity Exchange (MCX), the May contract moved up by Rs 11, or 0.21%, to Rs 5,149 per barrel in 316 lots.
Prices rose as speculators created fresh positions.
Firming trend in Asia as financial markets cheered Japan's aggressive monetary easing policy seen as key to reviving the world's third largest economy supported the trade.
On the New York Mercantile Exchange (NYMEX), the May contract added 29 cents to $93.65 a barrel.
At the Multi Commodity Exchange (MCX), the May contract moved up by Rs 11, or 0.21%, to Rs 5,149 per barrel in 316 lots.
Prices rose as speculators created fresh positions.
Firming trend in Asia as financial markets cheered Japan's aggressive monetary easing policy seen as key to reviving the world's third largest economy supported the trade.
On the New York Mercantile Exchange (NYMEX), the May contract added 29 cents to $93.65 a barrel.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 09 2013 | 1:49 PM IST