NEW DELHI, Mar 27: Taking positive cues from the overseas markets, crude oil futures rose 0.43 per cent to Rs 6,066 per barrel today as speculators enlarged positions.
At the Multi Commodity Exchange, crude oil prices for delivery in April traded higher by Rs 26, or 0.43 per cent, at Rs 6,066 per barrel, with a business turnover of 1,245 lots.
In a similar fashion, crude oil prices for May rose by a similar margin to Rs 6,060 per barrel, with a business volume of 97 lots.
Market analysts said the rise in crude oil futures led to a mixed in Asian trade, taking a breather after surging on strong US economic data.
They said the weekly US crude stockpiles report also showed a decline of 1.3 million barrels at the Cushing, Oklahoma oil-trading hub for the US benchmark, also supported the upside.
Meanwhile, West Texas Intermediate crude prices for May delivery gained 10 cents to USD 100.34 a barrel in late morning trade on the New York Mercantile Exchange. (AGENCIES)
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