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Brent crude trading at $76.32/bbl
image for illustrative purpose
Crude oil prices rose by Rs49 to Rs5,984 per barrel in futures trade as participants widened their positions following a firm spot demand. On MCX, crude oil for December delivery traded higher by Rs49 or 0.83 per cent at Rs5,984 per barrel in 14,984 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 0.60 per cent to $71.66 per barrel, and Brent crude traded 0.63 per cent higher at $76.32 per barrel in New York.