Crude oil prices rose 0.3 per cent to Rs 5,086 per barrel at the futures trade today as speculators created fresh positions, tracking a firming trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June gained Rs 15 or 0.3 per cent to Rs 5,086 per barrel with a business turnover of 4,921 lots. Similarly, July contract moved up by Rs 14 or 0.27 per cent to Rs 5,128 per barrel in 243 lots.
Market analysts attributed the rise in crude oil futures to a firming global trend.
Meanwhile, crude oil for July delivery advanced 23 cents to $91.09 a barrel on the New York Mercantile Exchange.