NEW DELHI: Crude oil prices rose by Rs 14 to Rs 4,718 per barrel on Wednesday as participants widened their positions on firm spot demand.
On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 14, or 0.3 per cent, at Rs 4,718 per barrel in 4,734 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude oil gained 0.17 per cent to USD 64.91 per barrel, while Brent crude traded 0.06 per cent higher at USD 68.43 per barrel in New York.
