Brent crude trade higher at $67.17/bbl

Crude oil prices rose Rs 49 to Rs 5,593 per barrel amid concerns that the conflict in the Middle East region could escalate following an Israeli strike in Qatar targeting Hamas leaders.

The most traded crude oil futures for September delivery on the Multi Commodity Exchange (MCX) gained Rs 49 or 0.88 per cent to Rs 5,593 a barrel in 10,812 lots.

In the international markets, West Texas Intermediate (WTI) crude oil was trading 1.18 per cent higher to $63.37 per barrel while Brent Crude went up 1.17 per cent to $67.17 a barrel.