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Crude oil recovers in futures trade on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:09 AM IST

Crude oil prices moved up by 0.32% to Rs 4,449 per barrel in futures trade today largely supported by a firming trend in the Asian region. 

At the Multi Commodity Exchange, crude oil for delivery in June rose by Rs 14, or 0.32% to Rs 4,449 per barrel, with a business turnover of 2,499 lots. 

The oil for delivery in July also shot up by Rs 12, or 0.27% to Rs 4,495 per barrel, with a business volume of 117 lots.

Market analysts said a firming trend overseas on surging crude demand from China, the world's second-largest economy, mainly influenced crude prices at futures trade here.

Meanwhile, crude oil for delivery in July rose by 30 cents to $98 per barrel on the New York Mercantile Exchange.

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First Published: May 24 2011 | 12:02 PM IST

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