Brent crude trading higher at $86.85/bbl

Crude oil prices rose Rs241 to Rs7,116 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 2.90 per cent at $85.19 per barrel, and Brent crude traded 2.68 per cent higher at $86.85 per barrel in New York.