NEW DELHI, June 23: Continuing its rising streak, crude oil futures prices rose by another 0.43 per cent to Rs 6,488 per barrel today after participants indulged in creating speculative positions, tracking a firming trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 28, or 0.43 per cent higher at Rs 6,488 per barrel, with a business turnover of 2,020 lots.
The oil for August also moved up by Rs 25, or 0.39 per cent, to Rs 6,467 per barrel, with a business volume of 65 lots.
Market analysts attributed the persistent rise in crude oil futures to a firming trend in Asia on continued violence in Iraq.
US benchmark West Texas Intermediate was up 31 cents to USD 107.14, while Brent crude gained 35 cents to USD 115.16 in mid-morning trade. (PTI)
Follow our WhatsApp channel