Crude oil futures gain on positive global cues
Analysts said raising of bets by participants kept crude prices higher in futures trade here.
On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 27, or 0.75 per cent, to Rs 3,607 per barrel in 25,554 lots.
Crude oil for March delivery was up by Rs 29, or 0.80 per cent, to Rs 3,637 per barrel with an open interest of 1,322 lots.
Globally, West Texas Intermediate was trading higher by 1.36 per cent at USD 50.62 per barrel.Meanwhile, Brent crude, the international benchmark, edged up 1.85 per cent to USD 55.01 per barrel in New York. VHP RUJRUJ