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Crude oil futures traded 0.71 per cent higher at Rs 3,134 a barrel today as speculators created positions amid a firm trend overseas.
At the Multi Commodity Exchange, crude oil for delivery in April gained Rs 22 or 0.71 per cent to Rs 3,134 per barrel in a business turnover of 2,111 lots.
The oil for delivery in May moved up Rs 21 or 0.66 per cent to Rs 3,179 per barrel with a business volume of 52 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a better trend in overseas markets.
West Texas Intermediate crude prices advanced 25 cents or 0.52 per cent to $47.98 a barrel and Brent rose 22 cents or 0.43 per cent to $50.97 a barrel on the New York Mercantile Exchange.
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