Crude oil futures rise on spot demand

Crude oil prices rose by Rs 85 to Rs 4,410 per barrel on Monday as participants widened their positions on firm spot demand.

On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 85, or 1.97 per cent, at Rs 4,410 per barrel in 3,826 lots.

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

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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