NEW DELHI, May 21: Crude oil futures prices rose by 1.03 per cent to Rs 6,077 per barrel today as speculators created positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in June gained Rs 62, or 1.03 per cent, to Rs 6,077 per barrel, with a business turnover of 4,700 lots.
The oil for the July delivery moved up by Rs 61, or 1.02 per cent, to Rs 6,060 per barrel, with a business volume of 191 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade as investors await the release of US Federal Reserve minutes from its April meeting, while keeping an eye onthe latest stockpiles data.
Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 57 cents to USD 102.90 a barrel on the New York Mercantile Exchange. The June contract ended yesterday. (PTI)
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