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Crude oil futures rise on global cues

Market analysts attributed the rise in crude oil futures to a firm global trend

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock

Press Trust of India New Delhi
Crude oil added Rs 13 to Rs 6,030 per barrel in futures market today as speculators created fresh positions, taking a positive cues from overseas markets.

At the Multi Commodity Exchange, crude oil for delivery in November rose by Rs 13, or 0.22%, to Rs 6,030 per barrel in business turnover of 10,765 lots.

In a similar fashion, the oil for delivery in December gained Rs 21, or 0.21%, to Rs 6,074 per barrel in 435 lots.

Market analysts attributed the rise in crude oil futures to a firm global trend.

Meanwhile, crude oil rose 54 cents at 97.40 dollar a barrel in New York Exchange.
 

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First Published: Oct 24 2013 | 3:53 PM IST

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