Crude oil futures advance on global cues

Crude oil prices on Thursday gained Rs 5 to Rs 4,144 per barrel as speculators created fresh positions amid positive global trends.

Analysts said raising of bets by participants kept crude prices higher in futures trade.

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 5, 0.12 per cent, to Rs 4,144 per barrel in 23,865 lots.

For December delivery, crude oil was quoting higher by Rs 3, or 0.07 per cent, at Rs 4,157 per barrel with 728 lots.

Globally, West Texas Intermediate crude oil was trading 0.68 per cent up at $57.51 per barrel.