Brent crude trading at $a85.85/bbl

Crude oil prices on Monday increased Rs98 to Rs6,794 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 1.27 per cent at $81.53 per barrel, and Brent crude traded 1.13 per cent higher at $85.85 per barrel in New York. On MCX, crude oil for November delivery traded higher by Rs98 or 1.46 per cent at Rs6,794 per barrel in 8,196 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade.