Crude oil futures rise on global cues

Agencies : Fri Sep 21 2012, 13:48 hrs

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Tracking a firm global trend, crude oil prices rose by Rs 20 to Rs 5037 per barrel in futures trade today as speculators created fresh position.

At the Multi Commodity Exchange, crude oil for delivery in October rose by Rs 20, or 0.40 per cent, to Rs 5,037 per barrel in business turnover of Rs 23,231 lots.

Similarly, the oil for delivery in November traded higher by the same margin to Rs 5,067 per barrel in 1,810 lots. Market analysts attributed the rise in crude oil futures

to firming global trend.

Meanwhile, crude oil for November delivery advanced 81 cents to USD 93.23 a barrel on the New York Mercantile Exchange.

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