Crude oil futures up 0.33 per cent on overseas cues

NEW DELHI: Crude oil futures rose 0.33 per cent to Rs 6,108 per barrel today as speculators created positions amid a firm trend in Asian markets.

At the Multi Commodity Exchange, crude oil for delivery in July gained Rs 20, or 0.33 per cent, to Rs 6,108 per barrel, with a business turnover of 58 lots.

The oil for June delivery moved up by Rs 19, or 0.25 per cent, to Rs 6,121 per barrel, with a business volume of 1,086 lots.

Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asian trade as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in demand in the worlds' top energy consumer.

Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 44 cents to USD 103.15 a barrel on the New York Mercantile Exchange.