Crude oil prices upsurge on spot demand

New Delhi, June 20: Crude oil prices rose by Rs 79 to Rs 6,370 per barrel in futures trade on Friday as participants raised the size of their deals following strong spot demand.

Crude oil prices for July delivery rose by Rs 79, or 0.7 percent, to Rs 6,370 per barrel on the Multi Commodity Exchange in a business turnover of 9,030 lots.

Analysts said crude oil prices rose in futures trade as participants raised their bets.

Globally, West Texas Intermediate crude was trading 0.19 percent lower at $75.00 per barrel, while Brent crude fell 2.93 percent to $76.54 per barrel in New York.