New Delhi, March 5 Crude oil prices rose by Rs 185 to Rs 7,055 per barrel in futures trading on Thursday, as participants increased their positions in response to strong spot demand.
On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 185, or 2.69 per cent, at Rs 7,055 per barrel in 2,385 lots.
Analysts said that the increased activity by participants kept crude oil prices elevated in the futures market.
Globally, West Texas Intermediate crude was trading 4.19 per cent higher at USD 77.79 per barrel, while Brent crude rose 3.87 per cent to USD 84.55 per barrel in New York.
