NEW DELHI, Mar 15: Crude oil futures prices rose by 0.36 per cent to Rs 5,049 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in March gained Rs 18, or 0.36 per cent, to Rs 5,049 per barrel, with a business turnover of 5,769 lots.
The oil for April delivery also moved up by Rs 16, or 0.31 per cent, to Rs 5,097 per barrel in a turnover of 835 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a weaker US dollar currency made the dollar-priced commodity cheaper and spurred demand.
Meanwhile, crude oil for April delivery advanced by 15 cents to USD 93.21 a barrel on the New York Mercantile Exchange. (PTI)
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