Crude oil futures rise to Rs 8,711 per barrel tracking global cues

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Crude oil prices rose by Rs 133 to Rs 8,711 per barrel in the futures trade on Monday amid positive global trends.

On the Multi Commodity Exchange, crude oil futures for September delivery rose by Rs 133, or 1.55 per cent, to Rs 8,711 per barrel in a business turnover of 6,859 lots.

Analysts said the rise in bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading at USD 92.35 per barrel, up 0.95 per cent. Brent crude was up 1.08 per cent at USD 97.32 per barrel in New York.

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