Crude oil futures rise on firm spot demand

New Delhi, Apr 3 () Crude oil prices on Friday rose Rs 294 to Rs 1,915 per barrel as participants widened their positions in line with a positive trend overseas.

On the Multi Commodity Exchange, crude oil for delivery in April traded higher by Rs 294, or 18.14 per cent, to Rs 1,915 per barrel in 25,267 lots.

Crude oil for May delivery was up by Rs 229, or 11.95 per cent, to Rs 2,146 per barrel with an open interest of 1,770 lots.

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

Globally, West Texas Intermediate was trading higher by 0.19 per cent at USD 25.51 per barrel and Brent crude was up by 1.47 per cent to USD 31.41 per barrel in New York. SHW RUJRUJ