Crude oil up 0.2% on overseas cues
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia ahead of US stockpiles report
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<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock
Crude oil futures prices rose by 0.21% to Rs 5,832 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in November traded Rs 12, or 0.21%, higher at Rs 5,832 per barrel, with a business turnover of 4,539 lots.
The oil for December also moved up by Rs 12, or 0.20%, to Rs 5,890 per barrel, with a business volume of 254 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia ahead of US stockpiles report.
Meanwhile, crude oil for December delivery added 41 cents to $93.78 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in November traded Rs 12, or 0.21%, higher at Rs 5,832 per barrel, with a business turnover of 4,539 lots.
The oil for December also moved up by Rs 12, or 0.20%, to Rs 5,890 per barrel, with a business volume of 254 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia ahead of US stockpiles report.
Meanwhile, crude oil for December delivery added 41 cents to $93.78 a barrel in mid-morning trade on the New York Mercantile Exchange.
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First Published: Nov 06 2013 | 12:47 PM IST