Crude oil futures rise on spot demand

Crude oil prices rose by Rs 20 to Rs 5,140 per barrel on Friday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 20, or 0.39 per cent, at Rs 5,140 per barrel in 9,787 lots.

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

Globally, West Texas Intermediate crude oil gained 0.03 per cent to USD 70.31 per barrel, while Brent crude traded 0.06 per cent higher at USD 72.56 per barrel in New York.

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