Crude oil futures rise on spot demand

New Delhi, May 15 (PTI) Crude oil prices on Friday rose Rs 102 to Rs 2,156 per barrel as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for delivery in May traded higher by Rs 102, or 4.97 per cent, to Rs 2,156 per barrel in 3,681 lots.

Crude oil for June delivery was up by Rs 90, or 4.26 per cent, at Rs 2,205 per barrel with an open interest of 2,078 lots.

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

Globally, West Texas Intermediate crude oil was trading up by 2.25 per cent at USD 28.18 per barrel and Brent crude rose 2.44 per cent to USD 31.89 per barrel in New York. PTI SHW RUJ RUJ