Crude oil prices moved up by 0.91% to Rs 4,652 per barrel in futures trade today as speculators enlarged their positions, triggered by a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil for delivery in May rose by Rs 58, or 0.91% to Rs 4,652 per barrel, with a business turnover of 3,982 lots.
The oil for delivery in June also shot up by Rs 42, or 0.90% to Rs 4,707 per barrel, with a business volume of 427 lots.
Market analysts said a firming trend overseas on fears that record floods might affect refineries along the Mississippi River in the United States, influenced crude futures prices here.
Meanwhile, crude oil for delivery in June rose by $14 cents to $104.026 a barrel on the New York Mercantile Exchange.
