Crude oil futures gain on spot demand

Crude oil prices on Monday rose Rs 32 to Rs 5,454 per barrel in futures trade as participants increased their positions following a firm spot demand.

Crude oil for November delivery traded higher Rs 32 or 0.59 per cent at Rs 5,454 per barrel in 15,062 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading 0.64 per cent higher at $61.37 per barrel, while Brent crude rose 0.65 per cent to $65.20 per barrel in New York.