Rising for the second straight day, crude oil advanced by 1.55 per cent to Rs 2,820 per barrel at the futures trade today as speculators enlarged positions, tracking a firm trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in December moved up by Rs 43 or 1.55 per cent to Rs 2,820 per barrel in a business turnover of 4,529 lots.
In a similar fashion, the oil for delivery in November gained Rs 37 or 1.38 per cent to Rs 2,710 per barrel in 9,784 lots.
Analysts said speculators enlarged positions on the back of a firm Asian trend, which mainly kept crude oil prices higher at the futures trade.
Meanwhile, US benchmark West Texas Intermediate crude for December delivery was up 25 cents at $41.00, while Brent crude for January was 39 cents higher at $44.53.