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Crude oil futures up 0.4% on overseas cues

Firming trend in Asia suported the trade

<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 futures for May gained Rs 21, or 0.40%, to Rs 5,229 per barrel in 12,394 lots.

At the Multi Commodity Exchange (MCX), the June contract moved up by Rs 19, or 0.36%, to Rs 5,257 per barrel in 1,721 lots.

Prices rose as speculators created fresh positions.

Firming trend in Asia as a surprise rise in German industrial production that brightened the market's outlook for European and global growth supported the trade.

On the New York Mercantile Exchange (NYMEX), June contract advanced by 5 cents to $96.97 a barrel.

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First Published: May 09 2013 | 2:27 PM IST

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