NEW DELHI: Crude oil prices rose Rs 52 to Rs 5,230 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 52, or 1 per cent, at Rs 5,230 per barrel in 4,089 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 0.85 per cent to USD 71.06 per barrel, while Brent crude traded 0.77 per cent higher at USD 74.17 per barrel in New York.
