Crude oil futures up 0.3% on overseas cues
Prices went up as speculators created fresh positions amid firm trend in Asia
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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.
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