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Crude Oil Futures Rise On Spot Demand

Crude oil for May delivery traded higher by Rs 35, or 0.73 per cent, at Rs 4,801 per barrel in 7,539 lots.

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Crude oil prices rose by Rs 35 to Rs 4,801 per barrel on Tuesday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 35, or 0.73 per cent, at Rs 4,801 per barrel in 7,539 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude oil gained 1.01 per cent to USD 64.08 per barrel, while Brent crude traded 1.01 per cent higher at USD 67.73 per barrel in New York. 

(PTI)


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