Brent Crude Trading At $73.88/Bbl

Crude oil prices on Wednesday climbed Rs23 to Rs5,952 per barrel in futures trade as participants increased their positions following a firm spot demand. On MCX, crude oil for December delivery traded higher Rs23 or 0.39 per cent at Rs5,952 per barrel in 11,359 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate (WTI) crude was trading 0.31 per cent higher at $70.16 per barrel, while Brent crude was trading 0.35 per cent higher at $73.88 per barrel in New York.