Crude oil futures gain on spot demand

Crude oil prices on Wednesday rose by Rs 156 to Rs 8,066 per barrel as participants widened their positions on a firm spot demand.
Representative Image
Representative Image

New Delhi: On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 156 or 1.97 per cent to Rs 8,066 per barrel in 6,130 lots.

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

Globally, West Texas Intermediate crude oil was up by 2.02 per cent at USD 106.35 per barrel, while Brent crude traded 1.70 per cent higher at USD 112.10 per barrel in New York.

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