Brent Crude Trading At $72.93/bbl

Crude oil prices increased Rs14 to Rs5,833 per barrel in futures trade as participants widened their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was up by 0.50 per cent to $70.44 per barrel, and Brent crude traded 0.25 per cent higher at $72.93 per barrel in New York. On MCX, crude oil for October delivery traded higher Rs14 or 0.24 per cent at Rs5,833 per barrel in 12,316 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.