Crude oil prices on Friday rose Rs 16 to Rs 5,579 per barrel in futures trade as participants increased their positions following a firm spot demand.
On the Multi Commodity Exchange, crude oil for September delivery traded higher Rs 16 or 0.29 per cent at Rs 5,579 per barrel in 13,135 lots.
Analysts said raising of bets by participants kept crude oil prices higher in futures trade.
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