Commodities

Crude oil futures up at Rs 6,207 per barrel

PTI New Delhi | Updated on October 21, 2013 Published on October 21, 2013

Crude oil futures prices rose 0.24 per cent to Rs 6,207 per barrel today as speculators created fresh positions, largely in tandem with a firm trend in the Asian region.

On the Multi Commodity Exchange, crude oil prices for delivery in October traded higher by Rs 15 or 0.24 per cent at Rs 6,207 per barrel with a business turnover of 944 lots.

Similarly, the oil prices for November delivery traded up by Rs 17 or 0.21 per cent to Rs 6,251 per barrel with a business volume of 335 lots.

Analysts attributed the rise in crude oil futures to a firm trend in Asia as dealers await the long-delayed US economic data for clues about the health of the world’s largest crude consumer.

Meanwhile, West Texas Intermediate (WTI) crude oil prices for November delivery traded up by 10 cents at $100.91 a barrel in mid-morning trade on the New York Mercantile Exchange.

Published on October 21, 2013
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