Crude oil futures gain on spot demand

New Delhi, Jun 19 (PTI) Crude oil prices on Wednesday increased Rs 32 to Rs 6,116 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for July delivery traded higher by Rs 32, or 0.53 per cent, at Rs 6,116 per barrel in 11,141 lots.

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

Globally, West Texas Intermediate crude oil was up by 0.27 per cent to USD 73.51 per barrel, and Brent crude traded 0.22 per cent higher at USD 78.76 per barrel in New York.