Crude oil futures rose by more than 1 % during

afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity ahead of the upcoming weekend meeting between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers that may result in an agreement to cut crude output further.

Oil producers will meet in Vienna on Saturday to see whether those outside the OPEC will trim production to help erase a global supply glut that has depressed prices for more than 2 years. At the MCX, crude oil futures for December 2016 contract is trading at Rs 3464 per barrel, up by 1.08%, after opening at Rs 3440, against a previous close of Rs 3427. It touched the intra-day high of Rs 3469.

http://www.ripplesadvisory.com/services.php Click here and watch out the best Share and Stock Market recommendations or One missed call on @9303093093.