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    Crude oil prices up on firm global cues

    Synopsis

    The rise in crude oil futures was largely in tandem with a firm trend in global market.

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    On the Multi Commodity Exchange, crude contracts for July delivery went up by Rs 23, or 0.58 per cent, to Rs 3,970 per barrel in a business turnover of 20,300 lots.
    New Delhi: Crude oil prices rose 0.58 per cent to Rs 3,970 per barrel in futures trade Wednesday as speculators raised their exposure, tracking a rebound in global market.

    On the Multi Commodity Exchange, crude contracts for July delivery went up by Rs 23, or 0.58 per cent, to Rs 3,970 per barrel in a business turnover of 20,300 lots.

    Analysts said the rise in crude oil futures was largely in tandem with a firm trend in global market.

    Meanwhile, West Texas Intermediate rose 0.24 per cent to USD 57.76, while international benchmark Brent went up 0.44 per cent to USD 64.63 per barrel at New York Mercantile Exchange.
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