Crude oil futures rose by 0.16 per cent to Rs 4,916 a barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi-Commodity Exchange, crude oil for delivery in January gained Rs 8, or 0.16 per cent, to Rs 4,916 per barrel, with a business turnover of 3,376 lots.
The oil for February delivery moved up by Rs 7, or 0.14 per cent, to Rs 4,969 per barrel, with a business volume of 229 lots.
Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia.
Meanwhile, crude oil for January delivery advanced by 46 cents to $89.07 a barrel on the New York Mercantile Exchange.