Crude oil to rise per barrel by Rs 4323

Crude oil futures rose 0.02 per cent to Rs 4,323 per barrel on Wednesday after participants widened their bets tracking a firm trend overseas. In futures trade at the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Rs 2, or 0.02 per cent, to Rs 4,323 per barrel in 1,687 lots.

Analysts said raising of bets by participants along with a firm trend overseas mainly kept crude prices higher at futures trade here. Meanwhile, the US benchmark West Texas Intermediate crude prices rose 0.37 per cent to USD 62.81 barrel and Brent crude was up by 0.62 per cent to USD 69.80 a barrel.