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Crude oil futures up on higher global trend

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 2:53 AM IST

Crude oil prices rose by Rs 13 to Rs 4,159 per barrel in futures trade today, as speculators enlarged their positions, supported by a firming global trend.

At the Multi Commodity Exchange, crude oil for February contract delivery rose by Rs 13, or 0.31 per cent to Rs 4,159 per barrel, with a business turnover of 72 lots.

Similarly, the oil for delivery in March contract gained Rs 4, or 0.09 per cent to Rs 4,296 per barrel, with a business volume of three lots.

Market analysts said fresh buying by speculators in tandem with a firming global trend, following the ongoing political crisis in Egypt, pushed up the crude oil prices.    

Meanwhile, New York's main futures contract, crude for March, was up five cents to $90.91.

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First Published: Feb 04 2011 | 1:14 PM IST

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