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Crude oil futures jump 1.3% on firm spot demand

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Dion Global

04 Feb 2026

Crude oil prices climbed in futures trade on Wednesday as traders increased their positions, supported by strong demand in the spot market.

On the Multi Commodity Exchange of India Ltd, crude oil contracts for March delivery advanced Rs 73, or 1.28 percent, to Rs 5,769 per barrel, with a turnover of 468 lots.

Analysts said fresh bets and improved physical demand helped keep crude oil prices firm in the futures market.