NEW DELHI, Feb 26: Crude oil futures rose by 0.19 per cent to Rs 6,316 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in March gained Rs 12, or 0.19 per cent, to Rs 6,316 per barrel, with a business turnover of 1,796 lots.
The oil for April delivery also moved up by Rs 8, or 0.13 per cent, to Rs 6,314 per barrel in a turnover of 46 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade as dealers await the latest US crude stockpiles data for clues about demand in the world’s biggest economy at the tail-end of a harsh winter.
Meanwhile, West Texas Intermediate crude prices for April delivery rose three cents to USD 101.86 a barrel in mid-morning trade on the New York Mercantile Exchange. (AGENCIES)
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