NEW DELHI: Crude oil prices rose Rs 17 to Rs 5,208 per barrel on Tuesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 17, or 0.33 per cent, at Rs 5,208 per barrel in 8,635 lots.

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

Globally, West Texas Intermediate crude oil gained 0.27 per cent to USD 71.07 per barrel, while Brent crude traded 0.37 per cent higher at USD 73.13 per barrel in New York.

Articles You May Like

High company valuations a ‘worry,’ IMF’s capital markets chief says
Fed to start cutting rates in July – ABN Amro
Gold Price Today: Yellow metal breaks above Rs 72,000/10 grams mark, silver hits Rs 84,000/kg for first time
Silver bounces off 200 hour MA on the last 2-tests
Silver price today: Silver rallies hard, according to FXStreet data