Brent crude trading at $79.58/bbl
Crude oil prices climbed Rs30 to Rs6,161 per barrel in futures trade as participants widened their positions following a firm spot demand. Globally, West Texas Intermediate (WTI) crude oil was up by 0.46 per cent to $74.20 per barrel, and Brent crude traded 0.47 per cent higher at $79.58 per barrel in New York.
On MCX, crude oil for February delivery traded higher by Rs30 or 0.49 per cent at Rs6,161 per barrel in 10,158 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade.