Crude oil futures rise by Rs 69 on spot demand

NEW DELHI: Crude oil prices rose Rs 69 to Rs 4,483 per barrel on Thursday as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 69, or 1.56 per cent, at Rs 4,483 per barrel in 4,299 lots.

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

Globally, West Texas Intermediate crude oil gained 0.79 per cent to USD 61.62 per barrel, while Brent crude traded 0.96 per cent higher at USD 64.96 per barrel in New York.

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