MUMBAI (Commodity Online): Crude Oil futures at India’s Multi Commodity Exchange (MCX) rose slightly tracking global cues and weak Rupee although energy complex is slightly weighed down by rising US inventories, concerns about global Oil demand due to Eurozone crisis.

MCX December Crude oil rose 0.23% to Rs 4709 on Thursday trading. In technical charts, MCX Crude oil is showing a ‘rounding top’ signifying trend reversal and seen entrenched in bearish zone for the short-term, Sreekumar Raghavan, Chief Commodity Strategist at Commodity Online said.

Analysts feel that crude oil has support on supply concerns with increasing violence in the Middle East. Syrian rebels fired mortars at President Bashar al-Assad's palace in Damascus on Wednesday but missed, in an attack underlining the growing boldness of forces fighting to end his family's 42 years in power, Reuters report said.

In electronic trading at Nymex, WTI December Crude Oil rose close to a dollar at $85.31 a barrel on Thursday trade while Brent Crude Oil rose to $107.68 per barrel.