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Brent crude trading at $79.91/bbl
image for illustrative purpose
Crude oil prices climbed Rs6 to Rs6,329 per barrel in futures trade as participants widened their positions following a firm spot demand.
On MCX, crude oil for June delivery traded higher Rs6 or 0.09 per cent at Rs6,329 per barrel in 8,140 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 0.29 per cent to $75.77 per barrel, and Brent crude traded 0.36 per cent higher at $79.91 per barrel in New York.