Crude oil futures prices rose further by Rs 17 to Rs 3,918 per barrel today, as speculators enlarged their positions in tandem with a firm global trend.
At the Multi Commodity Exchange counter, crude oil for November delivery rose by Rs 17, or 0.44 per cent to Rs 3,918 per barrel, with a business turnover of 65 lots.
Similarly, the oil for delivery in December contract traded higher by Rs 16, or 0.41 per cent to Rs 3,962 per barrel, with a business volume of four lots.
Marketmen said speculators creating fresh positions influenced by a firm global trend led to a rise in crude oil futures prices.
Meanwhile, crude prices rose 34 cents to $88.15 a barrel in the New York futures trading.
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