Commodities

Crude futures up at Rs 4,748 per barrel

PTI New Delhi | Updated on July 09, 2012 Published on July 09, 2012

Crude oil futures prices rose 0.34 per cent to Rs 4,748 per barrel as speculators created fresh positions tracking a firm trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in July gained Rs 16 or 0.34 per cent to Rs 4,748 per barrel with a business turnover of 7,655 lots.

Similarly, August delivery moved up by a similar margin to Rs 4,793 per barrel with a business volume of 495 lots.

Market analysts attributed the recovery in crude oil futures to a firm trend in Asia as traders bought at prevailing attractive levels following a plunge late last week triggered by disappointing US jobs figures.

Meanwhile, crude oil for August delivery advanced by 8 cents to $84.63 a barrel on the New York Mercantile Exchange.

Published on July 09, 2012
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