Crude oil prices rose by Rs 36 or 1.01 per cent to Rs 3,592 per barrel in futures market today on fresh buying by traders in tandem with a firming global trend.
Trading sentiment turned bullish after oil prices rallied in Asian trade on expectations of higher demand from the Chinese consumers after China's central bank said it would allow for a more flexible yuan.
At the Multi Commodity Exchange, crude oil for June contract surged by Rs 36, or 1.01 per cent to Rs 3,592 per barrel, with an open interest of 13,082 lots.
Similarly, the oil for delivery in July contract shot up by Rs 35, or 0.97 per cent to Rs 3,649 per barrel, with a business volume of 6,521 lots.
Marketmen said fresh buying activity on the back of a firming global trend mainly pushed up crude oil prices at futures trade.
Meanwhile, New York's main futures contract, crude for delivery in July, surged $1.01 to $78.19 a barrel.
