Brent crude trading at $80.14/$

Crude oil prices on Monday increased Rs62 to Rs6,506 per barrel in futures trade as participants widened their positions following a firm spot demand. On the Multi Commodity Exchange, crude oil for August delivery traded higher Rs62 or 0.96 per cent at Rs6,506 per barrel in 10,400 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil was up by 0.82 per cent to $77.47 per barrel, and Brent crude traded 0.60 per cent higher at $80.14 per barrel in New York.