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Monday, April 13, 2015

Crude oil futures rise on overseas cues

oil

Crude oil futures rose by 0.53 per cent to Rs 3,237 per barrel today as speculators created fresh positions amid a better trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in April traded higher by Rs 17, or 0.53 per cent, to Rs 3,237 per barrel, with a business turnover of 2,054 lots.

The oil for delivery in May also moved up by Rs 14, or 0.42 per cent, to Rs 3,368 per barrel, with a business volume of 312 lots.

Meanwhile, West Texas Intermediate crude added 31 cents to USD 51.95 a barrel, while Brent was up 24 cents at USD 58.11 in late-morning trade on the New York Mercantile Exchange.

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