Crude oil futures extends gain, up 0.81% on Asian cues

Crude oil advanced 0.81 per cent to Rs 2,849 per barrel in futures market today as speculators indulged in widening positions, taking positive cues from Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in December rose by Rs 23, or 0.81 per cent to Rs 2,849 per barrel in business turnover of 1,039 lots.
Likewise, the oil for delivery in November traded higher by Rs 21, or 0.77 per cent to Rs 2,756 per barrel in 4,852 lots.
Analysts said widening of positions by participants on the back of a firm Asian trend, mainly led to further rise in crude oil prices at futures trade.

Prices pushed higher yesterday after US-led coalition jets bombed the Islamic State's oil operations following the deadly attacks on Paris, but analysts said the impact of geopolitical tensions on the oil market is limited.
Meanwhile, West Texas Intermediate for December delivery gained 6 cents to USD 41.80 while Brent crude for January was trading 11 cents higher at USD 1.07 to USD 44.67.