Rising for the second straight day, crude oil advanced by 1.55 per cent to Rs 2,820 per barrel in futures trade today as speculators enlarged positions, tracking a firming trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in December moved up by Rs 43, or 1.55 per cent, to Rs 2,820 per barrel in a business turnover of 4,529 lots.
In a similar fashion, the oil for delivery in November gained Rs 37, or 1.38 per cent, to Rs 2,710 per barrel in 9,784 lots.
Analysts said speculators enlarged positions on the back of firming Asian trend, mainly kept crude oil prices higher at futures trade.
Meanwhile, US benchmark West Texas Intermediate for December delivery was up 25 cents at USD 41.00, while Brent crude for January was 39 cents higher at USD 44.53.
