NEW DELHI, May 9: Crude oil futures prices rose by 0.40 per cent to Rs 6,032 per barrel today as speculators enlarged positions, tracking a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 24, or 0.40 per cent, to Rs 6,032 per barrel, in a business turnover of 2,853 lots.
The oil for the June delivery moved up by Rs 21, or 0.35 per cent, to Rs 6,022 per barrel, with a business volume of 227 lots.
Marketmen said the rise in crude oil futures was mostly in tune with a firming trend in Asian trade on escalating fears of a full-blow armed conflict in Ukraine as pro-Moscow rebels press on with disputed independence referendums.
Meanwhile, West Texas Intermediate crude prices for June delivery was up 20 cents to USD 100.46 a barrel on the New York Mercantile Exchange. (PTI)
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