In futures trading at the Multi Commodity Exchange, crude oil for December delivery was trading higher by Rs 42, or 1.24 per cent at Rs 3,419 per barrel in 7,659 lots.
On similar lines, crude for delivery in January was trading higher by Rs 41, or 1.19 per cent at Rs 3,489 per barrel in a business turnover of 3,489 lots.
Analysts said rise in crude oil futures was largely in tandem with a firming trend in global market after the OPEC oil cartel reached a deal today to reduce its output for the first time in eight years.
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