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Crude oil futures prices rose 0.31 per cent to Rs 6,474 per barrel today as speculators created fresh positions, tracking a mixed trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in September traded higher by Rs 20 or 0.31 per cent at Rs 6,474 per barrel with a business turnover of 277 lots.
Similarly, crude oil for August delivery also moved up by Rs 18 or 0.28 per cent to Rs 6,477 per barrel with a business volume of 277 lots.
Market analysts said the rise in crude oil futures was attributed to a mixed trend in Asia as investors awaited the latest US crude stockpiles data for clues about demand from the world’s biggest oil consumer.
Meanwhile, West Texas Intermediate crude prices for delivery in September was up six cents at $105.36 a barrel on the New York Mercantile Exchange in the morning trade.
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