NEW DELHI, June 5: Crude oil futures rose 0.22 per cent to Rs 3,728 per barrel today as speculators created fresh bets amid a firm trend in Asia.
At Multi Commodity Exchange, crude oil for delivery in June contracts traded higher by Rs 8, or 0.22 per cent, to Rs 3,728 per barrel, with a business turnover of 950 lots.
The oil for delivery in July also moved up Rs 7, or 0.19 per cent, to Rs 3,776 per barrel, with a business volume of 44 lots.
Analysts attributed the rise to a rising trend in Asia, but gains were capped before a key meeting of Organization of Petroleum Exporting Countries (OPEC), which is expected to maintain its production levels despite an oversupplied global market.
Meanwhile, West Texas Intermediate crude for July delivery edged up 3 cents to USD 58.03 while Brent for July gained 13 cents to USD 62.16 per barrel in late-morning trade on the New York Mercantile Exchange. (PTI)
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