Crude prices recovered by 0.95% to Rs 4,042 per barrel in futures trade today as speculators created fresh positions largely in line with the firm trend overseas.
At the Multi Commodity Exchange, crude oil for delivery in October was trading Rs 38, or 0.95%, higher at Rs 4,042 per barrel, with a business turnover of 6,523 lots.
Similarly, November delivery moved up by Rs 31, or 0.77%, to Rs 4,075 per barrel, with a trade turnover of 595 lots.
Market analysts said a firming trend in Asian trade on speculations of Eurozone nations boosting a bailout fund and taking bold steps to rescue debt-straddled nations, helped crude futures trade higher.
Globally, crude for October delivery gained $1.15 to $81.39 a barrel on the New York Mercantile Exchange.
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