Brent crude trade higher at $69.13/bbl

Crude oil prices edged up Rs 44 to Rs 5,844 per barrel in futures trade, tracking gains in global benchmarks amid escalating geopolitical tensions between the US and Iran which raised concerns of potential supply disruptions.

Crude oil for February delivery rose 0.76 per cent in a business turnover of 12,586 lots.Similarly, the March contract traded higher by Rs 30 or 0.52 per cent at Rs 5,838 per barrel in 580 lots.

In the international market, West Texas Intermediate (WTI) crude for March contract was trading 0.56 per cent higher at $64.32 per barrel, while Brent crude rose 0.48 per cent to $69.13 per barrel in New York.