New Delhi, May 21: Crude oil prices rose by Rs 51 to Rs 5,385 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand.
Crude oil prices for June delivery rose by Rs 51 or 0.96 percent to Rs 5,385 per barrel on the Multi Commodity Exchange in a business of 10,225 lots.
Analysts said crude oil prices rose in futures trade as participants increased their bets.
Globally, West Texas Intermediate crude was trading 0.70 percent higher at $62.73 per barrel in New York, while Brent crude was up 1.02 per cent at $66.05 per barrel.
