Crude oil futures up on spot demand, global cues
Crude oil prices on Thursday edged up by Rs 19 to Rs 3,869 per barrel as speculators increased their holdings driven by firm trend overseas. Analysts said raising of bets by participants kept crude prices higher in futures trade here.
On the Multi Commodity Exchange, crude oil for delivery in February traded higher by Rs 19, or 0.49 per cent, to Rs 3,869 per barrel in 29,495 lots.
Crude oil for March delivery was up by Rs 17, or 0.44 per cent, to Rs 3,893 per barrel.
