Crude oil futures rise 1.14% on overseas cues
Quotes

Crude oil futures rise 1.14% on overseas cues

Last Updated: Wednesday, July 10, 2013, 12:29
 
 Comment 0
 
Crude oil futures rise 1.14% on overseas cues
New Delhi: Crude oil futures prices rose sharply by 1.14 percent to Rs 6,280 per barrel Wednesday as speculators created fresh positions, tracking a firming trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in July traded Rs 71 or 1.14 percent, higher at Rs 6,280 per barrel with a business turnover of 11,657 lots.

The crude oil for August also moved up by Rs 50, or 0.8 percent, to Rs 6,267 per barrel, with a business volume of 2,987 lots.

Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia buoyed by solid gains in US stocks and stronger demand in the world's biggest economy.

Meanwhile, crude oil for the August delivery added 99 cents to USD 104.52 a barrel on the New York Mercantile Exchange in the morning trade.

PTI



First Published: Wednesday, July 10, 2013, 12:26


Comments


comments powered by Disqus
Google I/O 2014
Google I/O 2014
Maker Faire @ White House
Maker Faire @ White House
Amazon unveils 3D `Fire` smartphone
Amazon unveils 3D `Fire` smartphone
RIL`s 40th AGM
RIL`s 40th AGM
Samsung Galaxy Tab S
Samsung Galaxy Tab S

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved