At the Multi Commodity Exchange, the June month contract of crude oil rose by Rs 34, or 1.04 per cent, to Rs 3,311 per barrel in a business turnover of 2,024 lots.
The far-month July contract was up by Rs 34, or 1.03 per cent, to Rs 3,339 per barrel.
Analysts said speculators built fresh positions after oil prices climbed toward USD 51 a barrel, boosted by growing hopes that an OPEC-led output cut will be extended by another nine months.
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