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This is an archive article published on September 13, 2012

Crude oil futures up on overseas cues

Crude oil futures prices rose by 0.45 per cent to Rs 5,409 per barrel today.

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Crude oil futures prices rose by 0.45 per cent to Rs 5,409 per barrel today as speculators created fresh positions amid a firm trend in Asia.

At the Multi Commodity Exchange,crude oil for delivery in October gained Rs 24,or 0.45 per cent,to Rs 5,409 per barrel,with a business turnover of 2,005 lots.

The oil for September delivery moved up by Rs 23,or 0.43 per cent,to Rs 5,376 per barrel,with a business volume of 15,246 lots.

Marketmen said the rise in crude oil futures was on account of a firm trend in Asia.

Meanwhile,crude oil for October delivery advanced by 8 cents to USD 97.09 a barrel on the New York Mercantile Exchange.

 

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