Crude oil futures prices rose 0.19 per cent to Rs 4,703 per barrel today as speculators created fresh positions amid a firm trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in December gained Rs 8 or 0.17 per cent to Rs 4,703 per barrel with a business turnover of 7,158 lots.

Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia on data indicating a continued economic pick-up in China, the world’s largest energy consumer.

Meanwhile, crude oil for January delivery advanced by 29 cents to $86.22 a barrel on the New York Mercantile Exchange.

(This article was published on December 10, 2012)
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