Crude oil futures rose 0.28 per cent to Rs 5,991 per barrel today as speculators created positions on a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil prices for delivery in August traded higher by Rs 17, or 0.28 per cent, to Rs 5,991 per barrel, with a business turnover of 642 lots.
Crude oil prices for September were also up by Rs 12, or 0.20 per cent, to Rs 5,973 per barrel with a business volume of 45 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade but gains were capped there following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.
Meanwhile, West Texas Intermediate crude prices for September delivery rose five cents to USD 97.93 and Brent crude for September climbed 17 cents to USD 105.01 a barrel in late-morning trade on the New York Mercantile Exchange.
