Marginal rise in crude oil futures

PTI New Delhi | Updated on August 02, 2013 Published on August 02, 2013

Crude oil futures prices today rose marginally by 1.2 per cent to Rs 6,637 per barrel as speculators enlarged their positions, tracking a firm trend in the Asian region on positive economic data.

On the Multi Commodity Exchange, crude oil prices for delivery in August traded higher by Rs 80 or 1.2 per cent at Rs 6,637 per barrel with a business turnover of 8,803 lots.

Similarly, the crude oil prices for September delivery were also up by Rs 77 or 1.18 per cent to Rs 6,609 per barrel with a business volume of 1,395 lots.

Market analysts said the rise in crude oil futures supported by a firm trend in Asia as positive economic data in energy guzzlers the US and China spurred optimism about global demand.

Meanwhile, West Texas Intermediate crude prices for September delivery climbed 64 cents to $108.53 a barrel on the New York Mercantile Exchange.

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Published on August 02, 2013
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