New Delhi, Crude oil prices rose by Rs 57 to Rs 5,248 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand.
Crude oil contracts for June delivery on the Multi Commodity Exchange traded higher by Rs 57, or 1.1 percent, at Rs 5,248 per barrel, with a turnover of 11,966 lots.
Analysts said crude oil prices rose in futures trade as participants increased their bets.
Globally, West Texas Intermediate crude prices rose 0.21 percent to $61.10 per barrel, while Brent crude prices rose 0.31 percent to $64.29 per barrel.
