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Crude oil futures spurted Rs 65 or 1.77 per cent to Rs 3,733 per barrel today on speculative buying amid a firm trend in Asia.
Crude oil for delivery in June was trading notably higher by Rs 65 or 1.77 per cent to Rs 3,733 per barrel with a business turnover of 4,545 lots on the Multi Commodity Exchange.
Similarly, the oil for delivery in July also moved up by Rs 60 or 1.61 per cent to Rs 3,777 per barrel with a business volume of 149 lots.
Analysts attributed the rise in crude oil futures to a firm trend in Asia following a mixed US petroleum report that showed a decline in crude and gasoline reserves.
Meanwhile, West Texas Intermediate crude for July delivery rose 66 cents to $58.34 a barrel, while Brent crude for July delivery climbed 48 cents to $63.06 in late-morning trade at the New York Mercantile Exchange.
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