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Crude oil futures prices recovered by 0.86% to Rs 4,944 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, the October contract for crude oil gained Rs 42, or 0.86%, to Rs 4,944 per barrel, with a business turnover of 12,111 lots.
The delivery for November moved up by Rs 41, or 0.83%, to Rs 4,972 per barrel, with a business volume of 811 lots.
Marketmen said the rise in crude oil futures was due to a firm trend in Asia after the US, Britain, France and Germany moved to apply more restrictions and sanctions on Iran over its controversial nuclear programme.
Meanwhile, crude oil for November delivery advanced by 31 cents to $92.24 a barrel on the New York Mercantile Exchange.
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