NEW DELHI, Aug 7: Crude oil futures up 0.17 per cent to Rs 5,967 per barrel today as speculators engaged in creating positions amid a firm trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in August up by Rs 10, or 0.17 per cent, to Rs 5,967 per barrel, with a business turnover of 2,480 lots.
The oil for delivery in September also rose by a similar margin to trade at Rs 5,964 per barrel in a turnover of 207 lots.
Market analysts said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade but remained under pressure over ebbing fears about armed conflicts around the world and concerns about weakening US demand.
Meanwhile, West Texas Intermediate crude prices for September delivery gained nine cents to USD 97.01 per barrel in mid-morning trade at the New York Mercantile Exchange. (PTI)
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