Crude oil futures rose by 1.04 per cent to Rs 3,216 per barrel Friday after participants widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, crude oil for delivery in January was trading higher by Rs 33, or 1.04 per cent, to Rs 3,216 per barrel with a business turnover of 26,135 lots.
The crude for delivery in March also edged higher by Rs 53, or 1.63 per cent, to Rs 3,312 per barrel with a business volume of 29 lots. Asian stocks edged up on Friday after the US shares extended gains for a second straight day, say reports.
However, growth in the US crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Meanwhile Read More
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