Crude Oil Futures Up 0.64 Pc On Asian Cues


New Delhi, Oct 16 (PTI) Crude oil rose 0.64 per cent to Rs 5,307 per barrel in futures market on Tuesday as speculators created fresh bets, taking positive cues from Asian markets.
Crude for delivery in October was trading higher by Rs 34, or 0.64 per cent, at Rs 5,307 per barrel in futures trade at the Multi Commodity Exchange in a business turnover of 734 lots.
Crude to be delivered in November contracts also traded higher by Rs 33, or 0.63 per cent at Rs 5,316 per barel in 96 lots.
Analysts said, speculators built fresh positions after oil prices rose in Asia, giving lift to crude oil prices in futures trade here.
Meanwhile, West Texas Intermediate gained 0.11 per cent to USD 71.86, while Brent crude traded 0.35 per cent higher at USD 81.05 per barrel.



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