Crude oil up 0.3% on mixed Asian trend
Market analysts said the rise in crude oil futures led to a mixed in Asian trade as dealers stood on the sidelines bracing for the release of a key US jobs 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 rose 0.36% to Rs 6,070 per barrel today as speculators enlarged positions, tracking a mixed Asian trend.
At the Multi Commodity Exchange, crude oil prices for delivery in May traded higher by Rs 22, or 0.36%, at Rs 6,070 per barrel, with a business turnover of 53 lots.
In a similar fashion, crude oil prices for April rose by Rs 19, or 0.31%, to Rs 6,077 per barrel, with a business volume of 970 lots.
Market analysts said the rise in crude oil futures led to a mixed in Asian trade as dealers stood on the sidelines bracing for the release of a key US jobs report.
Meanwhile, West Texas Intermediate crude prices for May delivery gained four cents to $100.33 a barrel, while Brent North Sea crude for May was down two cents at USD 106.13 in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil prices for delivery in May traded higher by Rs 22, or 0.36%, at Rs 6,070 per barrel, with a business turnover of 53 lots.
In a similar fashion, crude oil prices for April rose by Rs 19, or 0.31%, to Rs 6,077 per barrel, with a business volume of 970 lots.
Market analysts said the rise in crude oil futures led to a mixed in Asian trade as dealers stood on the sidelines bracing for the release of a key US jobs report.
Meanwhile, West Texas Intermediate crude prices for May delivery gained four cents to $100.33 a barrel, while Brent North Sea crude for May was down two cents at USD 106.13 in mid-morning trade on the New York Mercantile Exchange.
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First Published: Apr 04 2014 | 1:04 PM IST