Crude oil prices on Friday rose nearly 4 per cent to Rs 4,514 per barrel due to concerns over global crude supplies amid rising tensions between the US and Iran.

On the Multi Commodity Exchange, crude oil for delivery in January traded higher by Rs 171, or 3.94 per cent, to Rs 4,514 per barrel in 85,893 lots.

Crude oil for February delivery was up by Rs 172, or 3.96 per cent, at Rs 4,514 per barrel with an open interest of 3,977 lots.

General Soleimani, the head of Iran's elite al-Quds force and architect of its regional security apparatus, was killed following a US airstrike at Baghdad's international airport on Friday.

The ongoing conflict may disrupt oil supplies, the analysts said.

Globally, the West Texas Intermediate (WTI) was trading up 2.81 per cent to $62.90 per barrel.

Meanwhile, Brent crude, the international benchmark, edged up 2.96 per cent to $68.21 per barrel in New York.