Crude oil futures upgrade on spot demand
New Delhi, Oct 8 (PTI) Crude oil prices on Monday rose by Rs 67 to Rs 6,406 per barrel in futures trade as traders widened their bets following strong spot demand.
On the Multi Commodity Exchange, crude oil for October delivery rose by Rs 67, or 1.06 percent, to Rs 6,406 per barrel in a business turnover of 14,534 lots.
Analysts said crude oil prices rose in futures trade as participants increased their deals.
Globally, West Texas Intermediate crude prices inflation 2.70 percent to USD 76.39 per barrel in New York, while Brent crude prices expansion 2.40 percent to USD 79.92 per barrel.