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Crude oil up 0.2% on firm overseas cues

Analysts attributed the rise in crude oil futures to a firming trend in Asia

<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 prices rose by 0.24% to Rs 6,207 per barrel today as speculators created fresh positions, largely in tandem with a firming trend in the Asian region.

At the Multi Commodity Exchange, crude oil prices for delivery in October traded Rs 15, or 0.24%, higher at Rs 6,207 per barrel, with a business turnover of 944 lots.

The crude oil prices for November also traded up by Rs 17, or 0.21%, to Rs 6,251 per barrel, with a business volume of 335 lots.

Analysts attributed the rise in crude oil futures to a firming trend in Asia as dealers await long-delayed US economic data for clues about the health of the world's largest crude consumer.
 
Meanwhile, West Texas Intermediate (WTI) crude oil prices for November delivery traded up by 10 cents at $100.91 a barrel in mid-morning trade on the New York Mercantile Exchange.

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First Published: Oct 21 2013 | 12:48 PM IST

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