Brent crude is trading at $83.46/bbl

Crude oil prices rose by Rs 10 to Rs 6,960 a barrel in futures trade on Tuesday as participants widened their positions on firm sight demand. Globally, West Texas Intermediate (WTI) crude rose 0.10% to $83.46 a barrel and Brent crude traded 0.16% higher in New York at $83.46 a barrel. barrel.

On the Multi Commodity Exchange, crude oil for delivery in July traded up Rs 10 or 0.14% at Rs 6,960 a barrel in 7,707 lots. Analysts said increased betting by participants kept crude oil prices higher in futures trading.