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Brent crude trading at $72.54/bbl
image for illustrative purpose
Crude oil prices rose Rs5 to Rs5,574 per barrel in futures trade as participants widened their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was 0.69 per cent up at $67.58 per barrel, and Brent crude went 0.97 per cent higher at $72.54 per barrel in New York.On MCX, crude oil for June delivery traded higher by Rs5 or 0.09 per cent to Rs5,574 per barrel in 17,549 lots. Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.