Crude oil futures gain on spot demand

New Delhi, Jan 28 () Crude oil prices on Tuesday rose by Rs 22 to Rs 3,805 per barrel as speculators created fresh positions on spot demand.

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 22, or 0.58 per cent, to Rs 3,805 per barrel in 31,910 lots.

Crude oil for March delivery was up by Rs 18, or 0.47 per cent, at Rs 3,819 per barrel with an open interest of 2,114 lots.

However, the West Texas Intermediate fell by 0.13 per cent to USD 53.07 per barrel.

Meanwhile, Brent crude, the international benchmark, eased by 0.34 per cent to USD 59.12 per barrel in New York. SHW RUJ RUJ