Brent Crude trade higher at $101.12/bbl

Crude oil prices rose by Rs 94 to Rs 8,898 per barrel in the futures trade on Friday amid the widening conflict in West Asia and energy supply disruptions.

On the Multi Commodity Exchange (MCX), crude oil for March delivery appreciated by Rs 94, or 1.07 per cent, to Rs 8,898 per barrel in a business turnover of 16,107 lots.

The April contract also climbed by Rs 108, or 1.24 per cent, to Rs 8,843 per barrel in 10,880 lots. In the international market, Brent Crude Oil futures for May delivery rose 0.66 per cent to $101.12 per barrel, while West Texas Intermediate (WTI) crude for the April contract went up 0.15 per cent to $95.87 per barrel in New York.