Commodities

Crude oil futures jump to Rs 5,882 per barrel

PTI New Delhi | Updated on December 03, 2013

Crude oil futures prices rose 0.51 per cent to Rs 5,882 per barrel today as speculators enlarged their positions amid a firm trend in Asia.

On the Multi Commodity Exchange, crude oil for delivery in December traded higher by Rs 30 or 0.51 per cent at Rs 5,882 per barrel with a business turnover of 1,537 lots.

Similarly, the oil for January delivery also moved up by Rs 28 or 0.47 per cent to Rs 5,938 per barrel with a business volume of 60 lots.

Market analysts said the rise in crude oil futures was attributed to a firm trend in Asia with strong manufacturing data from major economies auguring well for demand.

Meanwhile, crude oil for January delivery added 33 cents to $94.15 a barrel on the New York Mercantile Exchange.

Published on December 03, 2013

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