Crude oil prices rose 0.3 per cent to Rs 5,086 per barrel at the futures trade today as speculators created fresh positions, tracking a firming trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June gained Rs 15 or 0.3 per cent to Rs 5,086 per barrel with a business turnover of 4,921 lots. Similarly, July contract moved up by Rs 14 or 0.27 per cent to Rs 5,128 per barrel in 243 lots.
Market analysts attributed the rise in crude oil futures to a firming global trend.
Meanwhile, crude oil for July delivery advanced 23 cents to $91.09 a barrel on the New York Mercantile Exchange.
MSM index ends lower
The MSM30 Index ended on a negative note to close at 6493.46 points, down by 0.25 per cent. Gulf Investment Services was the most active in terms of volume as well as turnover. DBIH was the top gaine
Omran, affiliates to add 3,650 new hotel rooms in five years
Oman Tourism Development Company (Omran), the investment arm of the government to develop tourism infrastructure, and its joint venture affiliates will add around 3,650 new hotel rooms in four and fi
Silver futures down at Rs 43,784 per kg
Tracking a weak trend overseas, silver prices fell 0.58 per cent to Rs 43,784 per kg at the futures trade today as speculators offloaded their positions.
On the Multi Commodity Exchange,
U.S. Consumer Prices Rebound Modestly In May
After reporting decreases in consumer prices in each of the two previous months, the Labor Department released a report on Tuesday showing a modest increase in prices in the month of May.