Crude oil futures up 0.50 per cent on overseas cues

NEW DELHI, June 11:  Crude oil futures rose 0.50 per cent to Rs 6,201 per barrel today as speculators created positions amid a firm trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in June gained Rs 31, or 0.50 per cent, to Rs 6,201 per barrel, with a business turnover of 775 lots.
The oil for July delivery moved up by Rs 30, or 0.49 per cent, to Rs 6,179 per barrel, with a business volume of 52 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel.
Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 4 cents to USD 104.39 a barrel at the New York Mercantile Exchange. (PTI)

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