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Crude oil futures climbed 0.53 per cent to Rs 3,762 per barrel today as speculators got down to creating positions even as it fell in Asian trade after OPEC decided to maintain its output level.
On the Multi Commodity Exchange, crude oil for delivery in June was up Rs 20 or 0.53 per cent to Rs 3,762 per barrel with a business turnover of 2,079 lots.
Similarly, the oil for delivery in July also rose Rs 18 or 0.47 per cent to trade at Rs 3,812 per barrel in a turnover of 245 lots.
Analysts said the rise in crude oil futures was largely supported by speculative positions created by participants even as it declined in Asian trade after OPEC decided to maintain its high production.
Meanwhile, West Texas Intermediate crude for July delivery fell 59 cents to $58.84, while Brent crude for July delivery eased 56 cents to $62.75 per barrel in mid-morning trade on the New York Mercantile Exchange.
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