Brent crude trading higher at $64.01/bbl

Crude oil prices on Friday rose Rs 65 to Rs 5,309 per barrel in futures trade as participants increased their positions following a firm spot demand.

Crude oil for December delivery traded higher Rs 65 or 1.24 per cent at Rs 5,309 per barrel in 10,522 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

Globally, West Texas Intermediate crude was trading 1.70 per cent higher at $59.69 per barrel, while Brent crude rose 1.59 per cent to $64.01 per barrel in New York.