NEW DELHI: Crude oil futures prices rose by 0.81 per cent to Rs 5,370 per barrel today as speculators created fresh positions, tracking a firm trend in Asia.
At the Multi Commodity Exchange, crude oil for delivery in September gained Rs 43, or 0.81 per cent, to Rs 5,370 per barrel, with a business turnover of 16,805 lots.
The oil for October delivery moved up by Rs 41, or 0.76 per cent, to Rs 5,402 per barrel, with a business volume of 1,994 lots.
Marketmen said the rise in crude oil futures was on account of a firm trend in Asia as hopes rose that a European Central Bank meeting will yield fresh measures to resolve the euro-zone's debt crisis.
Meanwhile, crude oil for October delivery advanced by 68 cents to USD 96.04 a barrel on the New York Mercantile Exchange.
