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Crude oil soared 2.48 per cent to Rs 3,269 per barrel at the futures market today as speculators created fresh bets, taking positive cues from Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in June spurted Rs 79 or 2.48 per cent to Rs 3,269 per barrel in a business turnover of 4,138 lots.
Likewise, the oil for delivery in July traded higher by Rs 78 or 2.40 per cent to Rs 3,324 per barrel in 1,904 lots.
Analysts said speculators built fresh positions after oil prices extended gains in Asia today on the back of a weak US dollar and easing fears of a UK exit from the European Union.
This mainly led to the rise in crude oil prices.
Meanwhile, West Texas Intermediate crude for July contract was 44 cents or 0.92 per cent higher at $48.42, while Brent crude for August delivery was up 35 cents or 0.71 per cent at $49.52 a barrel.
US crude had last week plunged nearly 10 per cent in six days after hitting 11-month high over the previous week, while European Brent had given up 9 per cent.
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