Crude oil futures rose 1.13 per cent to Rs 6,361 per barrel today as speculators created fresh positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in June gained Rs 71 or 1.13 per cent to Rs 6,361 per barrel with a business turnover of 2,056 lots.
Similarly, the oil for July delivery also moved up by Rs 70 or 1.12 per cent to Rs 6,342 per barrel in a turnover of 359 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firm trend in Asia on concerns about the growing crisis in Iraq that fuelled fears over supplies from the major crude producer.
Meanwhile, West Texas Intermediate (WTI) crude advanced 73 cents to $107.26 per barrel in late morning Asian trade, after surging $2.13 in New York yesterday to reach its highest level since September.
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Published on June 13, 2014
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