NEW DELHI, Oct 18: Crude oil rose by Rs 31 to Rs 3,384 per barrel in futures market today as speculators widened their bets following positive cues from Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 31 or 0.92 per cent to Rs 3,384 per barrel in a business turnover of 4,093 lots.
Likewise, the oil for delivery in November gained Rs 29 or 0.86 per cent to Rs 3,410 per barrel in 1,557 lots.
Analysts said traders built fresh positions following crude oil prices jumping in Asian trade as data showed a drop in US stockpiles.
Meanwhile, West Texas Intermediate crude rose by 19 cents to USD 52.07 while global benchmark Brent was up 37 cents at USD 58.25 a barrel. (PTI)
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