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Crude oil futures up 0.2% on overseas cues

Prices rose as speculators created fresh positions

Press Trust of India New Delhi
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.
 

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First Published: Apr 09 2013 | 1:49 PM IST

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