Crude oil futures rose by Rs 69 to Rs 3,025 per barrel today as speculators widened their positions amid a mixed trend overseas.
In the futures trading at Multi Commodity Exchange, crude for delivery in October was trading higher by Rs 69, or 2.33 per cent, to Rs 3,025 per barrel, with a business turnover of 4,679 lots.
The oil for delivery in October also surged Rs 63, or 2.09 per cent, to Rs 3,081 per barrel, in a turnover of 60 lots.
Analysts said rise in oil prices in Asia today as traders awaited the release of US energy stockpiles data and a US central bank decision on interest rates helped crude futures to trade higher here.
The first crude shipment from Libya in two years had no immediate impact on prices a week before OPEC producers and Russia meet in Algeria to discuss ways to stabilise prices.
Meanwhile, West Texas Intermediate crude prices for November delivery, a new contract, was 77 cents higher at USD 44.82 and Brent for November was up 59 cents at USD 46.47.
Disclaimer: No Business Standard Journalist was involved in creation of this content
