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Crude oil futures prices rose 0.42 per cent to Rs 5,921 per barrel today as speculators created fresh positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 25 or 0.42 per cent at Rs 5,986 per barrel with a business turnover of 39 lots.
Similarly, the oil for December contracts also moved up by Rs 21 or 0.36 per cent to Rs 5,921 per barrel with a business volume of 1,041 lots.
Market analysts said that the rise in crude oil futures was attributed to a firm trend in Asia after US President Barack Obama said that he was not sure a deal could be reached this week on Iran’s disputed nuclear programme.
Meanwhile, crude oil for December delivery added 31 cents to $93.65 a barrel on the New York Mercantile Exchange.
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