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Crude oil futures prices rose 0.62 per cent to Rs 5,713 per barrel today as speculators created fresh positions, tracking a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in June traded higher by Rs 35 or 0.62 per cent at Rs 5,713 per barrel with a business turnover of 15,082 lots.
Similarly, the oil for July delivery also moved up by Rs 31 or 0.54 per cent to Rs 5,743 per barrel with a business volume of 4,952 lots.
Market analysts said the rise in crude oil futures was attributed to a firm trend in Asia on growing concern over the Syrian conflict and political unrest in Turkey.
Meanwhile, crude oil for May delivery added five cents to $97.82 a barrel on the New York Mercantile Exchange.
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