New Delhi, Sep 28 (PTI) Crude oil rose by Rs 18 to Rs 5,257 per barrel in futures market Friday as speculators indulged in creating speculative positions, taking positive cues from Asian markets. Also Read - China to Spearhead Growth With 5G Network
At the Multi Commodity Exchange, crude oil for delivery in October was trading higher by Rs 18, or 0.34 per cent, to Rs 5,257 per barrel, in a business turnover of 393 lots. Also Read - Sensex ends marginally lower; bank stocks fall
The oil for delivery in November was also trading higher by Rs 17i, or 0.32 per cent, to Rs 5,264 in 11 lots. Also Read - New Tyrannosaur species helps explain rise of T rex
Analysts said speculative positions created by traders as oil prices edged up in Asia Friday amid uncertainty over fallout from Iran sanctions, mainly influenced crude prices at futures trade here.
Meanwhile, West Texas Intermediate gained 21 cents, or 0.29 per cent, to USD 72.33 while global benchmark Brent was up 18 cents, or 0.22 per cent cent to USD 81.56 a barrel.
This is published unedited from the PTI feed.