On the Multi Commodity Exchange, the crude contract for October traded higher by Rs 19, or 0.48 per cent, at Rs 3,993 per barrel.
On the Multi Commodity Exchange, crude oil contracts for delivery in May gained Rs 48, or 1.13 per cent, to Rs 4,312 per barrel with a business turnover of 17,678 lots.
New Delhi: Crude oil prices rose 0.48 per cent to Rs 3,993 per barrel on Friday as speculators created fresh positions on firm global cues.
On the Multi Commodity Exchange, the crude contract for October traded higher by Rs 19, or 0.48 per cent, at Rs 3,993 per barrel in 18,782 lots.
Analysts said raising of bets by participants on a strong overseas trend, coupled with good demand kept crude prices higher at futures trade here.
Meanwhile, Brent crude, the international benchmark, rose 0.77 per cent to USD 62.26 per barrel.
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