Crude oil futures prices today rose by 0.66% to Rs 4,719 per barrel as speculators engaged in enlarging positions, taking positive cues from Asian trade.
At the MCX, crude oil for delivery in June gained Rs 31, or 0.66%, to Rs 4,719 per barrel in business turnover of 8,871 lots.
The July contract edged up by Rs 29, or 0.61%, to Rs 4,757 per barrel in 823 lots.
Market analysts attributed the rise in crude oil futures to firming trend in Asian trade after the G7 talks with some respite in the gloom over the euro-zone debt crisis, and also a drop in US stockpiles has uplifted the market.
Meanwhile, crude oil for the July delivery advanced 49 cents to $84.78 a barrel on the New York Mercantile Exchange.
