NEW DELHI, May 7: Crude oil futures prices rose by 0.32 per cent to Rs 6,025 per barrel today as speculators created positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 19, or 0.32 per cent, to Rs 6,025 per barrel, with a business turnover of 1,165 lots.
The oil for the June delivery moved up by Rs 16, or 0.27 per cent, to Rs 6,010 per barrel, with a business volume of 95 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade ahead of the US Department of Energy’s crude stockpiles report and a testimony in Congress by Federal Reserve chief Janet Yellen.
Meanwhile, West Texas Intermediate crude prices for June delivery advanced by 55 cents to USD 100.05 a barrel on the New York Mercantile Exchange. (PTI)
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