Crude oil futures rise on spot demand

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New Delhi, Dec 17 (PTI) Crude oil prices rose by Rs 44 to Rs 3,564 per barrel on Thursday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for December delivery traded higher by Rs 44, or 1.25 per cent, at Rs 3,564 per barrel in 1,167 lots.

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

Globally, West Texas Intermediate crude oil rose by 1.46 per cent to USD 48.52 per barrel, while Brent crude traded 1.39 per cent higher at USD 51.79 per barrel in New York. PTI SHW RUJ RUJ