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Crude oil futures prices rose by 0.55% to Rs 6,193 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 34, or 0.55%, higher at Rs 6,193 per barrel, with a business turnover of 176 lots.
The oil for June also moved up by Rs 33, or 0.53%, to Rs 6,214 per barrel, with a business volume of 2,042 lots.
Market analysts attributed the rise in crude oil futures to a firming trend in Asia as investors cheered robust economic data from US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices.
Meanwhile, West Texas Intermediate crude prices for July delivery rose 26 cents to USD 104.82 a barrel on the New York Mercantile Exchange.
