NEW DELHI, Nov 21: Crude oil futures up 1.37 per cent to Rs 4,744 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 December went up by Rs 64, or 1.37 per cent, to Rs 4,744 per barrel, with a business turnover of 4,425 lots.
The oil for delivery in January next year also rose by Rs 58,or 1.23 per cent, to Rs 4,769 per barrel in a turnover of 178 lots.
Market analysts said the rise in crude oil futures is largely in tandem with a firming trend in Asian trade on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support.
(PTI)
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