Crude oil futures rise on spot demand

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New Delhi, Feb 5 (PTI) Crude oil prices rose by Rs 23 to Rs 4,133 per barrel on Friday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 23, or 0.56 per cent, at Rs 4,133 per barrel in 5,510 lots.

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

Globally, West Texas Intermediate crude oil gained 0.55 per cent to USD 56.54 per barrel, while Brent crude traded 0.49 per cent higher at USD 59.13 per barrel in New York. PTI SHW RUJ RUJ