Crude oil futures prices rose 0.42 per cent to Rs 6,186 per barrel today as speculators created fresh positions, tracking a firm trend in Asia on supply concerns.
On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 26 or 0.42 per cent at Rs 6,186 per barrel with a business turnover of 1,479 lots.
Similarly, the oil for delivery in February also moved up by Rs 25 or 0.4 per cent to Rs 6,230 per barrel with a business volume of 75 lots.
Market analysts attributed the rise in crude oil futures to a firm trend in Asia on supply concerns following escalating violence in South Sudan, but the gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.
Meanwhile, crude oil for February delivery was up 27 cents at $99.49 a barrel, while Brent North Sea crude for February gained 20 cents to $112.10 on the New York Mercantile Exchange.
