Crude oil up 0.5% on overseas cues
Oil for January moved up by 0.4%
)
<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 0.51% to Rs 5,882 per barrel today as speculators enlarged positions amid a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in December traded Rs 30, or 0.51%, higher at Rs 5,882 per barrel, with a business turnover of 1,537 lots.
The oil for January also moved up by Rs 28, or 0.47%, to Rs 5,938 per barrel, with a business volume of 60 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia with strong manufacturing data from major economies auguring well for demand.
Meanwhile, crude oil for January delivery added 33 cents to $94.15 a barrel on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in December traded Rs 30, or 0.51%, higher at Rs 5,882 per barrel, with a business turnover of 1,537 lots.
The oil for January also moved up by Rs 28, or 0.47%, to Rs 5,938 per barrel, with a business volume of 60 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia with strong manufacturing data from major economies auguring well for demand.
Meanwhile, crude oil for January delivery added 33 cents to $94.15 a barrel on the New York Mercantile Exchange.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 03 2013 | 1:00 PM IST