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Crude oil futures rose 1.38% to Rs 4,792 per barrel today as speculators created positions amid a mixed trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in January next year gained Rs 65, or 1.38%, to Rs 4,792 per barrel, with a business turnover of 239 lots.
The oil for December delivery moved up by Rs 63, or 1.36%, to Rs 4,760 per barrel, with a business volume of 4,415 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a mixed trend in Asian trade ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output.
Meanwhile, West Texas Intermediate crude prices for delivery in January next year fell six cents at $76.45, while Brent crude for January added two cents to $80.38 a barrel at the New York Mercantile Exchange.
