NEW DELHI, Aug 11: Crude oil futures rose 0.32 per cent to Rs 5,994 per barrel today as speculators created fresh positions amidst a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in August traded higher by Rs 19, or 0.32 per cent, to Rs 5,994 per barrel, with a business turnover of 1,427 lots.
The oil for delivery in September also moved up by Rs 14, or 0.23 per cent, to Rs 5,984 per barrel, with a business volume of 78 lots.
Analysts attributed the rise in crude oil futures to a firming trend in Asian trade today as dealers monitor sustained US air strikes on extremist militants in Iraq who are threatening the crude-rich Kurdish region.
Meanwhile, West Texas Intermediate crude for September delivery rose 32 cents at USD 97.97 a barrel, while Brent crude for September climbed 23 cents to USD 105.25 in mid-morning trade at the New York Mercantile Exchange. (PTI)
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