New Delhi: Crude oil futures prices Wednesday rose by 0.52 percent to Rs 4,600 per barrel as speculators enlarged their positions following a firming global trend.
At the Multi Commodity Exchange, crude oil for delivery in far-month August rose by Rs 24, or 0.52 percent, to Rs 4,600 per barrel, with an open interest of 997 lots.
Similarly, the oil for July delivery moved up by Rs 23, or 0.51 percent, to Rs 4,554 per barrel, with an open interest of 11,119 lots.
Analysts attributed the rise in crude futures to a firming trend in Asian trade.
Meanwhile, crude oil for delivery in August up by 13 cents to USD 79.49 a barrel in morning trade on the New York Mercantile Exchange.
First Published: Wednesday, June 27, 2012, 12:24