India, March 17 -- Crude oil prices rose INR 119 to INR 9,171 per barrel in futures trade on Monday as escalating tensions in West Asia kept supply risks in focus, even as the US explored ways to restore shipping around the Strait of Hormuz.On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by INR 119, or 1.31 per cent, to INR 9,171 per barrel in a business turnover of 12,745 lots.

Similarly, the April contract also appreciated by INR 164, or 1.83 per cent, to INR 9,107 per barrel in 12,898 lots on the MCX.Analysts said crude oil prices remained elevated amid supply concerns as the ongoing conflict in West Asia disrupted oil flows through the Strait of Hormuz, a key passage for global energy shipments.

In the ...