At Multi Commodity Exchange, crude oil for delivery in June contracts traded higher by Rs 8, or 0.22 per cent, to Rs 3,728 per barrel, with a business turnover of 950 lots.
The oil for delivery in July also moved up Rs 7, or 0.19 per cent, to Rs 3,776 per barrel, with a business volume of 44 lots.
Analysts attributed the rise to a rising trend in Asia, but gains were capped before a key meeting of Organization of Petroleum Exporting Countries (OPEC), which is expected to maintain its production levels despite an oversupplied global market.
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