NEW DELHI, May 25: Crude oil futures prices rose 0.31 per cent to Rs 3,825 per barrel today as speculators created positions amid a firm trend in Asia.
In futures trading at Multi Commodity Exchange, crude oil for delivery in June contracts was trading higher by Rs 12, or 0.31 per cent, at Rs 3,825 per barrel, with a business turnover of 1,987 lots.
The oil for July delivery moved up Rs 7, or 0.18 per cent, to Rs 3,874 per barrel, with a business volume of 203 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a hardening trend in Asian trade on bargain-hunting after dropping last week, but a supply glut and a resurgent dollar may limit gains.
(PTI)
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