Brent crude trade higher at $62.39/bbl

Crude oil prices rose Rs 84 to Rs 5,264 per barrel in futures trade as participants increased their positions following a firm spot demand. Crude oil for February delivery traded higher by 1.62 per cent in 5,392 lots. Analysts said the rise of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading 0.64 per cent higher at $58.13 per barrel, while Brent crude rose 0.63 per cent to $62.39 per barrel in New York.