Brent crude trading at $87.22/bbl

Crude oil prices rose by Rs77 to Rs6,948 per barrel in futures trade as participants increased their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was up by 0.44 per cent at $84 per barrel, and Brent crude traded 0.45 per cent higher at $87.22 per barrel in New York.

On MCX, crude oil for September delivery traded higher by Rs77 or 1.12 per cent at Rs6,948 per barrel in 10,014 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.