NEW DELHI: Crude oil prices rose Rs 40 to Rs 5,053 per barrel on Wednesday, as participants widened their positions on a firm spot demand.
On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 40, or 0.8 per cent, at Rs 5,053 per barrel in 4,786 lots.
Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.
Globally, West Texas Intermediate crude oil was up 0.51 per cent to USD 68.70 per barrel, while Brent crude traded 0.38 per cent higher at USD 71.96 per barrel in New York.
