Analysts said the rise in crude oil futures was largely in tandem with a firm trend in the global market.
Analysts said raising of bets by participants kept crude prices to trade higher here.
Gold prices in the international market opened higher and touched $1,544 per ounce in the morning trade.
Crude oil for delivery in September was trading lower by Rs 21, or 0.52 per cent, at Rs 3,994 per barrel.
Analysts said speculative positions created by traders led to the rise in oil prices.
Analysts said speculative positions created by traders led to rise in oil prices.
On the Multi Commodity Exchange, crude oil for delivery in August contracts was trading lower by Re 1, or 0.03 pc.
MCX gold rallied to uncharted territory on escalating trade tensions between the United States and China.
On the Multi Commodity Exchange, crude oil for delivery in August contracts fell by Rs 18 to Rs 3,873 per barrel.
Crude oil for delivery in August was trading lower by Rs 13, or 0.33 per cent, at Rs 3,895 per barrel.