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Crude oil futures prices rose by 0.18 per cent to Rs 3,919 per barrel today as speculators engaged in enlarging positions tracking a mixed trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in far—month July traded Rs 7, or 0.18 per cent higher at Rs 3,919 per barrel, with a business turnover of 304 lots.
The oil for June also moved up by Rs 6 or 0.16 per cent, to Rs 3,863 per barrel with a business volume of 2,002 lots.
Analysts attributed the rise in crude oil futures to a mixed trend in Asia as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude—rich Middle East.
Meanwhile, West Texas Intermediate (WTI) crude prices for June delivery rose 6 cents to USD 59.49 while Brent crude for July eased 14 cents to USD 66.13 a barrel in late—morning trade on the New York Mercantile Exchange.
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