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Crude oil futures rose 0.28 per cent to Rs 6,105 per barrel today as speculators created fresh positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in July gained Rs 17 or 0.28 per cent to Rs 6,105 per barrel with a business turnover of 1,573 lots.
Similarly, the oil for August delivery moved up by Rs 15 or 0.25 per cent to Rs 6,099 per barrel with a business volume of 168 lots.
Analysts said the rise in crude oil futures was largely in tandem with a firm trend in Asia after a bullish US stockpiles report raised hopes of resurgent demand in the world’s top crude consumer.
Meanwhile, West Texas Intermediate crude oil for August delivery advanced by 25 cents to $101.45, while Brent crude for September gained two cents to $107.19 a barrel in mid-morning trade on the New York Mercantile Exchange.
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