Brent crude trading at $82.39/bbl

Crude oil prices increased Rs16 to Rs6,484 per barrel in futures trade as participants widened their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was down by 0.05 per cent to $77.73 per barrel, and Brent crude traded 0.07 per cent lower at $82.39 per barrel in New York. On MCX, crude oil for December delivery traded higher by Rs16 or 0.25 per cent at Rs6,484 per barrel in 11,075 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.