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Crude oil rose 0.77 per cent to Rs 3,151 per barrel at the futures trade as speculators created fresh bets, taking positive cues from overseas markets.
At the Multi Commodity Exchange, crude oil for delivery in June spurted Rs 24 or 0.77 per cent to Rs 3,151 per barrel in a business turnover of 4,439 lots.
Likewise, the oil for delivery in July traded higher by Rs 22 or 0.70 per cent at Rs 3,178 per barrel in 219 lots.
Analysts said speculators built fresh positions after oil prices rose overseas. This mainly led to the rise in crude oil prices at the futures trade here.
Meanwhile, West Texas Intermediate gained 48 cents to $48.80 on the New York Mercantile Exchange. Brent crude advanced 45 cents to $51.21 a barrel.
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