Crude oil futures rise on spot demand

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New Delhi, Mar 12 (PTI) Crude oil prices rose by Re 1 to Rs 4,795 per barrel on Friday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for March delivery traded higher by Re 1, or 0.02 per cent, at Rs 4,795 per barrel in 5,097 lots.

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

Globally, West Texas Intermediate crude oil traded lower by 0.38 per cent to USD 65.57 per barrel, while Brent crude traded 0.17 per cent down at USD 69.51 per barrel in New York. PTI SHW RUJ RUJ