Crude oil futures rose 1.38 per cent to Rs 4,792 per barrel today as speculators created fresh positions amid a mixed trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in January next year gained Rs 65 or 1.38 per cent to Rs 4,792 per barrel with a business turnover of 239 lots.
Similarly, the oil for December delivery moved up by Rs 63 or 1.36 per cent to Rs 4,760 per barrel with a business volume of 4,415 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a mixed trend in Asia ahead of a crucial meeting of the OPEC cartel later during the week that will discuss whether to trim output.
Meanwhile, West Texas Intermediate crude oil for delivery in January next year fell six cents to $76.45, while Brent crude for January added two cents to $80.38 a barrel at the New York Mercantile Exchange.