Crude oil futures gain on firm spot demand

NEW DELHI: Crude oil prices rose Rs 28 to Rs 4,791 per barrel on Monday as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the May delivery traded higher by Rs 28, or 0.59 per cent, at Rs 4,791 per barrel in 6,190 lots.

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

Globally, West Texas Intermediate crude oil gained 0.48 per cent to USD 65.21 per barrel, while Brent crude traded 0.48 per cent higher at USD 68.61 per barrel in New York.

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