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Crude oil futures prices rose 0.27 per cent to Rs 5,120 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in January gained Rs 14 or 0.27 per cent to Rs 5,120 per barrel with a business turnover of 15,149 lots.
Similarly, the oil for February delivery moved up by Rs 13 or 0.25 per cent to Rs 5,164 per barrel with a business volume of 1,384 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia after data that indicated China has finally turned a corner after seven straight months of slowing growth.
Meanwhile, crude oil for February delivery advanced by 41 cents to $93.51 a barrel on the New York Mercantile Exchange.
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