 "Crude oil futures take Asian cues, firm up")
Crude oil futures prices rose 0.10% to Rs 3,853 per barrel today as speculators created fresh bets amid a firm trend in Asian markets.
At Multi Commodity Exchange, crude oil for delivery in June gained Rs 4, or 0.10%, to Rs 3,853 per barrel, with a business turnover of 529 lots.
The oil for July delivery moved up Rs 5, or 0.10%, to Rs 3,908 per barrel, with a business volume of 42 lots.
Meanwhile, West Texas Intermediate crude oil for July delivery advanced 10 cents to $60.07 while Brent for August gained five cents to $63.75 a barrel in late-morning trade on the New York Mercantile Exchange.
At Multi Commodity Exchange, crude oil for delivery in June gained Rs 4, or 0.10%, to Rs 3,853 per barrel, with a business turnover of 529 lots.
The oil for July delivery moved up Rs 5, or 0.10%, to Rs 3,908 per barrel, with a business volume of 42 lots.
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The rise in crude oil futures was due to a firming trend in Asian trade as dealers awaited the latest US energy report and Fed policy announcement later in the day that may shed light on its plans to hike interest rates, analysts said.
Meanwhile, West Texas Intermediate crude oil for July delivery advanced 10 cents to $60.07 while Brent for August gained five cents to $63.75 a barrel in late-morning trade on the New York Mercantile Exchange.