Brent crude trading at $80.36/bbl

Crude oil prices increased Rs48 to Rs6,410 per barrel in futures trade as participants widened their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was up by 0.62 per cent to $76.38 per barrel, and Brent crude traded 0.53 per cent lower at $80.36 per barrel in New York.

On MCX, crude oil for September delivery traded higher Rs48 or 0.75 per cent at Rs6,410 per barrel in 6,456 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.