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Crude oil futures rose 0.33 per cent to Rs 6,108 per barrel today as speculators created positions amid a firm trend in Asian market.
On the Multi Commodity Exchange, crude oil for delivery in July gained Rs 20 or 0.33 per cent to Rs 6,108 per barrel with a business turnover of 58 lots.
Similarly, the oil for June delivery moved up by Rs 19 or 0.25 per cent to Rs 6,121 per barrel with a business volume of 1,086 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firm trend in Asian trade as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in demand in the worlds’ top energy consumer.
Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 44 cents to $103.15 a barrel on the New York Mercantile Exchange.
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