Crude oil prices on Tuesday rose by Rs 8 to Rs 3,072 per barrel as participants widened their positions on firm spot demand.
On the Multi Commodity Exchange, crude oil for delivery in July traded higher by Rs 8, or 0.26 per cent, at Rs 3,072 per barrel in 5,060 lots.
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
Globally, West Texas Intermediate crude oil rose 1.79 per cent to USD 40.46 per barrel, while Brent Crude was trading down 0.63 per cent at USD 42.81 per barrel in New York.
On the Multi Commodity Exchange, crude oil for delivery in July traded higher by Rs 8, or 0.26 per cent, at Rs 3,072 per barrel in 5,060 lots.
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
Globally, West Texas Intermediate crude oil rose 1.79 per cent to USD 40.46 per barrel, while Brent Crude was trading down 0.63 per cent at USD 42.81 per barrel in New York.
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