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Crude oil prices rose 0.44 per cent to Rs 3,667 per barrel at the futures market today as speculators created fresh bets, tracking a firm trend overseas.
At the Multi Commodity Exchange, crude oil for delivery this month rose Rs 16 or 0.44 per cent to Rs 3,667 per barrel in a business turnover of 2,056 lots. Likewise, the oil for delivery in January traded higher by Rs 12 or 0.33 per cent at Rs 3,678 per barrel in 232 lots.
Traders said raising of bets by speculators, encouraged by a firm trend in Asia, supported the upside in crude oil prices at the futures trade. Meanwhile, West Texas Intermediate gained 7 cents to $57.11, while Brent crude, used to price international oils, rose 4 cents to $63.35 per barrel.
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