Crude oil futures prices rose 0.36 per cent to Rs 5,049 per barrel today as speculators created fresh positions amid a firm trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in March gained Rs 18 or 0.36 per cent to Rs 5,049 per barrel with a business turnover of 5,769 lots.

Similarly, the oil for April delivery moved up by Rs 16 or 0.31 per cent to Rs 5,097 per barrel in a turnover of 835 lots.

Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a weaker US dollar made the dollar-priced commodity cheaper and spurred the demand.

Meanwhile, crude oil for April delivery advanced by 15 cents to $93.21 a barrel on the New York Mercantile Exchange.

(This article was published on March 15, 2013)
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