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Crude oil futures up 0.3% on overseas cues

Prices went up as speculators created fresh positions amid firm trend in Asia

Press Trust of India New Delhi
At the Multi Commodity Exchange (MCX), the April contract moved up by Rs 16, or 0.31%, to Rs 5,097 per barrel in 835 lots.

Prices went up as speculators created fresh positions amid firm trend in Asia.

Firming trend in Asia were triggered by a weaker dollar that made dollar-priced commodity cheaper and spurred demand.

On the New York Mercantile Exchange (NYMEX), the April contract advanced by 15 cents to $93.21 a barrel.
 

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First Published: Mar 15 2013 | 2:21 PM IST

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