Crude oil futures rise on spot demand

 Crude oil prices rose Rs 6 to Rs 4,985 per barrel on Tuesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 6, or 0.12 per cent, at Rs 4,985 per barrel in 7,017 lots.

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

Globally, West Texas Intermediate crude oil gained 0.38 per cent to USD 66.67 per barrel, while Brent crude traded 0.44 per cent higher at USD 68.92 per barrel in New York. 

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