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Crude oil futures rose 0.44 per cent to Rs 5,076 per barrel today as speculators enlarged their positions following a firming global trend.
At the Multi Commodity Exchange, crude oil for delivery in June rose Rs 22 or 0.44 per cent to Rs 5,076 per barrel with an open interest of 4,693 lots.
Similarly, July contract moved up by Rs 21 or 0.41 per cent to Rs 5,118 per barrel with an open interest of 354 lots.
Analysts attributed the rise in crude futures to a firming trend in Asian trade as major crude producer Iran and Western powers failed to reach an agreement over Tehran’s nuclear programme.
Meanwhile, crude oil for delivery in July advanced by 84 cents to $91.70 a barrel in morning trade on the New York Mercantile Exchange.
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