Brent Crude Trading Higher At $73.31/Bbl

Crude oil prices climbed Rs26 to Rs5,964 per barrel in futures trade as participants increased their positions following a firm spot demand.

Globally, West Texas Intermediate (WTI) crude was trading 0.59 per cent higher at $69.87 per barrel while Brent crude was trading 0.51 per cent higher at $73.31 per barrel in New York.

On MCX, crude oil for January delivery traded higher Rs26 or 0.44 per cent at Rs5,964 per barrel in 7,939 lots. Analysts said the raising of bets by participants kept crude oil prices higher in futures trade.