Crude oil prices rose 0.67 per cent to Rs 5,531 per barrel at the futures trade as speculators created fresh bets, taking positive cues from Asian markets.
At the Multi Commodity Exchange, crude oil for delivery this month rose Rs 37, or 0.67 per cent, to Rs 5,531 per barrel in a business turnover of 1,591 lots.
According to traders, speculators created fresh positions after Brent crude oil prices again jumped above $84 per barrel in Asian trade. Meanwhile, West Texas Intermediate gained 40 cents, or 0.54 per cent, to $74.69, while Brent crude rose 49 cents, or 0.58 per cent, to $84.40 per barrel.