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Crude oil futures prices rose by 0.62% to Rs 5,713 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in June traded Rs 35, or 0.62%, higher at Rs 5,713 per barrel, with a business turnover of 15,082 lots.
Crude oil for July also moved up by Rs 31, or 0.54%, to Rs 5,743 per barrel, with a business volume of 4,952 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia on growing concern over the Syrian conflict and political unrest in Turkey.
Meanwhile, crude oil for the May delivery added five cents to $97.82 a barrel on the New York Mercantile Exchange.
