Crude oil futures prices rose marginally by 0.13 per cent to Rs 6,293 per barrel today as speculators enlarged their positions, tracking a firm trend in the Asian region.
On the Multi Commodity Exchange, crude oil prices for delivery in July traded higher by Rs 8 or 0.13 per cent to Rs 6,293 per barrel with a business turnover of 2,058 lots.
Similarly, August contracts also up by Rs 4 or 0.06 per cent to Rs 6,283 per barrel with a business volume of 547 lots.
Market analysts said the rise in crude oil futures was attributed to a firm trend in Asia as investors anticipated a fall in US crude inventories for the third straight week, renewing hopes of resurgent demand.
Meanwhile, West Texas Intermediate crude prices for August delivery gained eight cents to $106.40 a barrel on the New York Mercantile Exchange.