Crude oil futures gain 3.15 pc on positive global cues

Crude oil prices on Wednesday surged 3.15 per cent to Rs 2,589 per barrel as participants enlarged their holdings tracking a positive trend overseas.

On the Multi Commodity Exchange, crude oil for delivery in March traded higher by Rs 79, or 3.15 per cent, to Rs 2,589 per barrel in 59,838 lots.

Crude oil for April delivery was up by Rs 77, or 3 per cent, to Rs 2,647 per barrel with an open interest of 2,786 lots.