New Delhi: Crude oil prices on Monday rose by Rs 284 to Rs 9,969 per barrel in futures trade, as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for June delivery traded higher by Rs 284 or 2.93 per cent at Rs 9,969 per barrel in 6,006 lots.
Rupee falls to record low of 96.25 against US dollar in early tradeAnalysts said the rise of bets by participants kept crude oil prices higher in futures trade.
Globally, West Texas Intermediate crude was trading 2.10 per cent higher at USD 107.63 per barrel, while Brent crude rose 1.72 per cent to USD 111.14 per barrel in New York.