Crude oil futures rise on spot demand

NEW DELHI: Crude oil prices rose Rs 52 to Rs 5,230 per barrel on Wednesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 52, or 1 per cent, at Rs 5,230 per barrel in 4,089 lots.

Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.