NEW DELHI: Crude oil futures prices rose by 0.40 per cent to Rs 5,229 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in May gained Rs 21, or 0.40 per cent, to Rs 5,229 per barrel, with a business turnover of 12,394 lots.
The oil for the June delivery moved up by Rs 19, or 0.36 per cent, to Rs 5,257 per barrel, with a business volume of 1,721 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as a surprise rise in German industrial production brightened the market's outlook for European and global growth.
Meanwhile, crude oil for the June delivery advanced by five cents to $ 96.97 a barrel on the New York Mercantile Exchange.
