NEW DELHI, June 27: Crude oil futures prices rose by 0.64 per cent to Rs 5,832 per barrel today as speculators created fresh positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 37 or 0.64 per cent, higher at Rs 5,832 per barrel, with a business turnover of 13,470 lots.
The crude oil for August also moved up by Rs 35, or 0.60 per cent, to Rs 5,844 per barrel, with a business volume of 1,294 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia as a weak US data suggested that the Federal Reserve will hold off on ending its aggressive bond-buying programme, while concerns over China’s liquidity crisis also eased.
Meanwhile, crude oil for the August delivery added 12 cents to USD 95.62 a barrel on the New York Mercantile Exchange. (PTI)
Follow our WhatsApp channel