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Crude oil futures prices rose 1.03 per cent to Rs 6,077 per barrel today as speculators created positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in June gained Rs 62 or 1.03 per cent to Rs 6,077 per barrel with a business turnover of 4,700 lots.
Similarly, the oil for July delivery moved up by Rs 61 or 1.02 per cent to Rs 6,060 per barrel with a business volume of 191 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firm trend in Asian trade as investors await the release of US Federal Reserve minutes from its April meeting, while keeping an eye on the latest stockpiles data.
Meanwhile, West Texas Intermediate crude oil for July delivery advanced by 57 cents to $102.90 a barrel on the New York Mercantile Exchange. The June contract ended yesterday.
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