Crude oil prices rose 0.78 percent to Rs 3,764 per barrel on Monday as speculators created fresh positions on spot demand.
Analysts said raising of bets by participants kept crude prices to trade higher here.
On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 percent, to Rs 3,764 per barrel in 14,529 lots.
Globally, the West Texas Intermediate was trading up 0.06 percent to USD 52.84 per barrel.
Meanwhile, Brent crude, the international benchmark dipped 0.09 percent to USD 58.32 per barrel in New York. Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.