NEW DELHI, July 16: Crude oil futures prices today rose marginally by 0.13 per cent to Rs 6,293 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil prices for delivery in July traded Rs 8, or 0.13 per cent higher at Rs 6,293 per barrel, with a business turnover of 2,058 lots.
The crude oil prices for August also up by Rs 4, or 0.06 per cent, to Rs 6,283 per barrel, with a business volume of 547 lots.
Market analysts said the rise in crude oil futures attributed to a firming trend in Asia as investors anticipated a fall in US crude inventories for the third straight week, renewing hopes of resurgent demand.
Meanwhile, West Texas Intermediate crude prices for August delivery gained eight cents to USD 106.40 a barrel on the New York Mercantile Exchange. (PTI)
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