Crude oil futures prices climbed on Wednesday, driven by increased spot demand. Read more about the rise in oil prices on the Multi Commodity Exchange.
New Delhi, Apr 24 (PTI) Crude oil prices on Wednesday climbed Rs 29 to Rs 6,957 per barrel in futures trade as participants widened their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for May delivery traded higher Rs 29 or 0.42 per cent at Rs 6,957 per barrel in 5,245 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil was up 0.05 per cent to USD 83.40 per barrel, and Brent crude traded 0.03 per cent higher at USD 88.45 per barrel in New York.
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