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Crude oil futures rose Rs 33 to Rs 3,758 per barrel today as speculators created positions amid a better trend in the Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in June gained Rs 33 or 0.89 per cent to Rs 3,758 per barrel with a business turnover of 2,395 lots.
Similarly, the oil for July delivery rose Rs 30 or 0.79 per cent to Rs 3,809 per barrel with a business volume of 80 lots.
Marketmen said the rise in crude oil futures was largely in tune with a better trend in the Asian trade on bargain-hunting, following sharp falls in the previous session, triggered by a strong US dollar and continued concerns over global supply glut.
Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 32 cents to $58.35, while Brent crude for July delivery gained 11 cents to $63.83 a barrel in late-morning trade on the New York Mercantile Exchange.
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