Brent crude is trading at $85.90/bbl

Crude oil prices rose by Rs 52 to Rs 6,945 a barrel in futures trade as participants widened their positions on firm spot demand. Globally, West Texas Intermediate (WTI) crude rose 0.73% to $83.22 a barrel and Brent crude traded 0.59% higher in New York at $85.90 a barrel. barrel.

On the MCX, crude for July delivery was trading up Rs 52 or 0.75% at Rs 6,945 a barrel in 6,967 lots. Analysts said increased betting by participants kept crude oil prices higher in futures trading.