Crude oil futures rise 0.6% on positive cues
Crude oil prices rose 0.6 per cent to Rs 4,352 per barrel in futures trade Monday as speculators raised their exposure amid positive trend in global markets.
On the Multi Commodity Exchange, crude for delivery in May contracts went up by Rs 26, or 0.6 per cent to, Rs 4,352 per barrel in a business turnover of 17,376 lots.
Analysts said, crude oil prices bounced back in tandem with a firm trend overseas.
Meanwhile, West Texas Intermediate crude prices rose 0.16 per cent to USD 61.76, while Brent was up 0.54 per cent at USD 71 a barrel at the New York Mercantile Exchange.