Brent crude trading at $86/bbl

Crude oil prices on Thursday rose by Rs24 to Rs6,759 per barrel in futures trade as participants increased their positions following a firm spot demand.

On MCX, crude oil for September delivery traded higher by Rs24 or 0.36 per cent at Rs6,759 per barrel in 5,348 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate (WTI) crude oil was up by 0.29 per cent at $81.87 per barrel, and Brent crude traded 0.16 per cent higher at $86 per barrel in New York.