Crude oil futures strengthen on spot demand

Crude oil prices rose by Rs 3 at Rs 3,855 per barrel on Wednesday as speculators created fresh positions on spot demand.

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

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 3, 0.08 per cent, at Rs 3,855 per barrel in 18,573 lots.

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