 "Crude oil up by 0.3% on positive Asian cues")
Crude oil futures prices rose 0.31% to Rs 3,825 per barrel today as speculators created positions amid a firm trend in Asia.
In futures trading at Multi Commodity Exchange, crude oil for delivery in June contracts was trading higher by Rs 12, or 0.31%, at Rs 3,825 per barrel, with a business turnover of 1,987 lots.
The oil for July delivery moved up Rs 7, or 0.18%, to Rs 3,874 per barrel, with a business volume of 203 lots.
Meanwhile, West Texas Intermediate crude prices for July advanced 14 cents to $59.86 while Brent for July gained eight cents to $65.45 a barrel in late morning trade on the New York Mercantile Exchange.
In futures trading at Multi Commodity Exchange, crude oil for delivery in June contracts was trading higher by Rs 12, or 0.31%, at Rs 3,825 per barrel, with a business turnover of 1,987 lots.
The oil for July delivery moved up Rs 7, or 0.18%, to Rs 3,874 per barrel, with a business volume of 203 lots.
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Marketmen said the rise in crude oil futures was largely in tandem with a hardening trend in Asian trade on bargain-hunting after dropping last week, but a supply glut and a resurgent dollar may limit gains.
Meanwhile, West Texas Intermediate crude prices for July advanced 14 cents to $59.86 while Brent for July gained eight cents to $65.45 a barrel in late morning trade on the New York Mercantile Exchange.