Crude oil futures rise on spot demandPTI | New Delhi | Updated: 05-05-2021 14:26 IST | Created: 05-05-2021 14:26 IST
Crude oil prices rose by Rs 83 to Rs 4,925 per barrel on Wednesday as participants widened their positions on firm spot demand.
On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 83, or 1.71 per cent, at Rs 4,925 per barrel in 8,723 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
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