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Crude oil futures prices rose by 0.29% to Rs 5,593 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in October traded Rs 16, or 0.29%, higher at Rs 5,593 per barrel, with a business turnover of 1,516 lots.
The oil for November also moved up by Rs 16, or 0.29%, to Rs 5,594 per barrel, with a business volume of 46 lots.
Market analysts attributed the rise in crude oil futures to a firming trend in Asia in response to better-than-expected Chinese manufacturing data and after the US said it had led bombing raids against jihadists in crude producer Syria.
Meanwhile, West Texas Intermediate crude prices for July delivery rose 31 cents to USD 91.18 a barrel while Brent crude for November also gained 33 cents to $97.30 a barrel in mid-morning trade on the New York Mercantile Exchange.
