Brent Crude Trading At $72.02/Bbl

Crude oil prices climbed Rs17 to Rs5,796 per barrel in futures trade as participants increased their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude was trading 0.19 per cent higher at $68.23 per barrel, while Brent crude was trading 0.26 per cent up at $72.02 per barrel in New York.

On MCX, crude oil for December delivery traded higher Rs17 or 0.29 per cent at Rs5,796 per barrel in 11,169 lots. Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.