Brent crude trade higher at $116.99/bbl

Crude oil prices rose Rs 74 to Rs 9,067 per barrel in futures trade on Thursday amid geopolitical tensions in West Asia and concerns over supply disruptions.

Brent Crude futures crossed $116 per barrel in the overseas trade as fresh attacks on key energy infrastructure in the region heightened fears of a tight global supply.

On the Multi Commodity Exchange, crude oil for April delivery increased by Rs 74, or 0.82 per cent, to Rs 9,067 per barrel in a business turnover of 19,221 lots.

In the international market, Brent Oil futures for the May delivery increased by $9.61, or nearly 9 per cent, to $116.99 per barrel, while West Texas Intermediate for the same month contract rose 1.58 per cent to $96.97 per barrel in New York.