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Crude oil futures prices rose by over 1 per cent to Rs 5,195 per barrel today as speculators engaged in creating positions, driven by a firming trend in Asia after strong US jobs report.
At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 52, or 1.01 per cent, to Rs 5,195 per barrel, with a business turnover of 33,307 lots.
June crude gained Rs 51, or 0.99 per cent, to Rs 5,223 per barrel in 3,886 lots.
Analysts said the rise in crude oil futures on account of a firming trend in Asia after an upbeat US jobs report bolstered confidence that the economy is on track.
Meanwhile, crude oil for June delivery advanced by 91 cents to $96.52 a barrel on the New York Mercantile Exchange.
