Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market today as speculators created fresh bets, taking positive cues from overseas markets.
At Multi Commodity Exchange, crude oil for delivery in current month rose by Rs 28 or 0.68 per cent to Rs 4,139 per barrel in a business turnover of 3,757 lots.
Likewise, the oil for delivery in May traded higher by Rs 26 or 0.63 per cent to Rs 4,148 per barrel in 152 lots.
Analysts said speculators built fresh positions after oil prices rose overseas, buoyed by the US government data showing a surprise fall in crude stockpiles. This mainly led to rise in crude oil prices in futures trade here.
Meanwhile, West Texas Intermediate gained 33 cents, or 0.52 per cent to USD 63.70 while Brent crude rose 35 cents, or 0.51 per cent to USD 68.37 per barrel.
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