Crude oil futures recovered 0.29 per cent to Rs 5,107 per barrel today as speculators created positions amid a firm trend in Asia.
On the Multi Commodity Exchange, crude oil for delivery in November gained Rs 15 or 0.29 per cent to Rs 5,107 per barrel with a business turnover of 210 lots.
Similarly, the oil for delivery in October moved up by Rs 13 or 0.25 per cent to Rs 5,122 per barrel with a business volume of 846 lots.
Marketmen said the rise in crude oil futures today was largely in tandem with a firming trend in Asia on bargain-buying, a day after the US benchmark fell below $80 for the first time in more than two years.
Meanwhile, West Texas Intermediate crude prices for delivery in March 2015 advanced by 60 cents to $83.30 a barrel and Brent rose 74 cents to $86.56 in late-morning trade on the New York Mercantile Exchange.