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Crude oil futures prices rose by 0.39 per cent to Rs 5,196 per barrel on Monday as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in February gained Rs 20, or 0.39 per cent, to Rs 5,196 per barrel, with a business turnover of 1,556 lots.
The oil for January delivery moved up by Rs 19, or 0.37 per cent, to Rs 5,155 per barrel, with a business volume of 7,551 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a completed US pipeline expansion project reduced oversupplied US inventory stocks.
Meanwhile, crude oil for February delivery advanced by 60 cents to $94.16 per barrel on the New York Mercantile Exchange.
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