Brent crude is trading at $82.38/bbl

Crude oil prices rose as much as Rs 44 to Rs 6,570 a barrel in futures trade on Wednesday as participants widened their positions on firm sight demand. On the MCX, crude for June delivery was trading up Rs 44 or 0.67% at Rs 6,570 a barrel in 7,228 lots.

Analysts said increased betting by participants kept crude oil prices higher in futures trading. Globally, West Texas Intermediate (WTI) crude rose 0.76% to $78.49 a barrel and Brent crude traded 0.56% higher in New York at $82.38 a barrel. barrel.