Crude oil prices rose by 0.33 per cent on Monday at the domestic markets after German Institute for Economic Research said that its index of business confidence improved to 101.4 in November from a reading of 100.0 the previous month, beating expectations for a decline to 99.5 indicating improving consumer confidence in the region which raised the demand prospects for the fuel. At the MCX, crude oil futures for December 2012 contract were trading at Rs. 4,922 per barrel, up by 0.33 per cent, after opening at Rs. 4,905 against the previous closing price of Rs. 4,906.
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