Crude oil futures were trading higher during the morning trade in the domestic market on Thursday followed by dollar softening against most major currencies on speculation that Britain would opt to remain in the EU in a referendum due today.
Demand increased as dollar-priced commodity become cheaper for those using other currencies, supported the uptrend.
At the MCX, Crude oil futures for June 2016 contract is trading at Rs 3,340 per kg, up by 1.40 per cent, after opening at Rs 3,301, against a previous close of Rs 3,294. It touched the intra-day high of Rs 3,346 (At 10:06 hours).
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