Crude Oil Futures Surge Over 1% on Strong Demand, Global Cues

• Crude oil futures rose over 1% to Rs 5,825 per barrel on Friday due to firm spot demand and strong global cues.
• On MCX, February delivery crude oil increased by Rs 75 (1.31%) to Rs 5,821 per barrel.
• March contract traded higher by Rs 88 (1.53%) at Rs 5,825 per barrel.
• Global markets saw WTI crude futures up 1.17% at USD 64.03 and Brent crude up 1.02% at USD 68.24.
• Uncertainty persists despite price gains, with no breakthrough in Russia-Ukraine talks and US-Iran negotiations stalled over uranium stockpiles.