Crude oil gained 0.48 per cent to Rs 3,742 per barrel in futures trade Thursday even as speculators remained cautious amid weak global cues.
In domestic market, widening of bets at current levels helped crude oil prices.
At the Multi Commodity Exchange, crude oil for delivery in February gained Rs 18, or 0.48 per cent, to Rs 3,742 per barrel with a business turnover of 3,078 lots.
On similar lines, crude for delivery in March firmed up by Rs 20, or 0.53 per cent, to Rs 3,785 per barrel in 68 lots.
Analysts said trading sentiments remained muted as participants booked profits when oil prices fell in overseas market.
Globally, the US benchmark West Texas Intermediate was down by USD 1.24, or 0.75 per cent, to USD 51.92 and Brent crude fell USD 1.48, or 0.60 per cent, to USD 60.95 a barrel.
Disclaimer: No Business Standard Journalist was involved in creation of this content