Crude oil futures up on positive demand


New Delhi, Mar 14 (PTI) Crude oil prices rose by Rs 29 to Rs 4,105 per barrel in futures trade Thursday as speculators were indulged in creating speculative positions, taking positive cues from domestic markets.

At the Multi Commodity Exchange, crude oil for delivery in April was trading higher by Rs 29, or 0.71 per cent, to Rs 4,105 per barrel, in a business turnover of 1,395 lots.

Analysts said, speculative positions were created by traders as oil prices edged up in domestic markets.

Similarly, West Texas Intermediate gained 0.24 per cent to USD 58.40, while global benchmark Brent was up 0.36 per cent to USD 67.79 a barrel.

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