Crude oil futures rose by Rs 33 to Rs 3,758 per barrel today as speculators created positions amid a better trend in the Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in June gained by Rs 33 or 0.89 per cent, to Rs 3,758 per barrel, with a business turnover of 2,395 lots.
The oil for July delivery rose by Rs 30, or 0.79 per cent, to Rs 3,809 per barrel, with a business volume of 80 lots.
Marketmen said the rise in crude oil futures was largely in tune with better trend in the Asian trade on bargain hunting, following sharp falls in the previous session, triggered by a strong US dollar and continued concern over the global supply glut.
Meanwhile, West Texas Intermediate crude prices for July delivery advanced by 32 cents to USD 58.35, while Brent crude for July gained by 11 cents to USD 63.83 a barrel in late-morning trade on the New York Mercantile Exchange.
