Crude oil futures up on overseas cues

NEW DELHI, Feb 24: Crude oil futures rose 0.50 per cent to Rs 6,391 per barrel today as speculators created positions on a firming trend in the Asian region as the world’s biggest economies vowed to spur global growth.

At the Multi Commodity Exchange, crude oil prices for delivery in March traded higher by Rs 32, or 0.50 per cent, to Rs 6,391 per barrel, with a business turnover of 931 lots.

Crude oil prices for April were also up by a similar margin to Rs 6,352 per barrel with a business volume of 47 lots.

Meanwhile, West Texas Intermediate crude prices for April delivery gained 28 cents to USD 102.48 a barrel on the New York Mercantile Exchange. (AGENCIES)