Crude Oil Futures Bounce 0.08% On Firm Global Cues

New Delhi, Nov 12 (PTI) Crude oil futures recovered by 0.08 percent to Rs 3,626 per barrel Monday after participants widened their bets, tracking a firm trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in December was trading higher by Rs 3, or 0.08 percent, to Rs 3,626 per barrel with a business turnover of 1,968 lots.

Marketmen attributed the rise in crude oil futures to raising of bets by traders in line with a firming trend overseas.

Meanwhile, West Texas Intermediate crude prices rose by 1.35 percent, to USD 51.07 a barrel while Brent crude, the international benchmark, was up 1.16 percent at USD 59.96 per barrel on the New York Mercantile Exchange.

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