 "Crude oil up 0.3% on overseas cues")
Crude oil futures rose by 0.28% to Rs 6,105 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July gained Rs 17, or 0.28%, to Rs 6,105 per barrel, with a business turnover of 1,573 lots.
The oil for the August delivery moved up by Rs 15, or 0.25%, to Rs 6,099 per barrel, with a business volume of 168 lots.
Meanwhile, West Texas Intermediate crude oil for the August delivery advanced by 25 cents at USD 101.45, while Brent crude for September gained two cents to USD 107.19 a barrel in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in July gained Rs 17, or 0.28%, to Rs 6,105 per barrel, with a business turnover of 1,573 lots.
The oil for the August delivery moved up by Rs 15, or 0.25%, to Rs 6,099 per barrel, with a business volume of 168 lots.
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Analysts said the rise in crude oil futures was largely in tandem with a firming trend in Asia after a bullish US stockpiles report raised hopes of resurgent demand in the world's top crude consumer.
Meanwhile, West Texas Intermediate crude oil for the August delivery advanced by 25 cents at USD 101.45, while Brent crude for September gained two cents to USD 107.19 a barrel in mid-morning trade on the New York Mercantile Exchange.