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Crude oil futures prices today rose marginally by 0.13% to Rs 6,293 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil prices for delivery in July traded Rs 8, or 0.13% higher at Rs 6,293 per barrel, with a business turnover of 2,058 lots.
The crude oil prices for August also up by Rs 4, or 0.06%, to Rs 6,283 per barrel, with a business volume of 547 lots.
Market analysts said the rise in crude oil futures attributed to a firming trend in Asia as investors anticipated a fall in US crude inventories for the third straight week, renewing hopes of resurgent demand.
Meanwhile, West Texas Intermediate crude prices for August delivery gained eight cents to $106.40 a barrel on the New York Mercantile Exchange.
