Crude oil futures gain 1.33% on global cues

Crude oil prices on Wednesday edged up by Rs 49 to Rs 3,747 per barrel as speculators widened their positions driven by spot demand.

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 49, or 1.33 per cent, to Rs 3,747 per barrel in 31,058 lots.