Crude Oil Prices Rise on Spot Demand
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 26 or 0.42 per cent at Rs 6,224 per barrel in 10,436 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 1.09 per cent higher at USD 71.51 per barrel while Brent crude was trading 0.32 per cent higher at USD 75.46 per barrel in New York.
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