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New Delhi, May 28 (PTI) Crude oil prices rose by Rs 23, or 0.64 per cent to Rs 3,627 per barrel in futures market today on fresh buying by speculators amid firming global trend. Trading sentiment turned better after oil prices rose, poised for its first weekly gain in four weeks, after China affirmed its commitment to invest in Europe, and US reports signalled that energy demand may recover with an economic rebound. At the Multi Commodity Exchange counter, crude oil for September contract rose by Rs 23, or 0.64 per cent to Rs 3,627 per barrel, with an open interest of 257 lots. The oil for delivery in June contract also gained by Rs 5.00 or 0.14 per cent to Rs 3,482 per barrel, with a business turnover of 18,050 lots. Marketmen said fresh buying by traders in tandem with a firming global trend mainly led to a rise in crude oil prices at futures trade. Meanwhile, crude oil for July delivery gained 90 cents to USD 75.45 a barrel on the New York Mercantile Exchange.
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