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Brent crude trading at $86.47/bbl

Brent crude trading at $86.47/bbl

Crude oil prices on Thursday climbed Rs26 to Rs6,802 per barrel in futures trade as participants widened their positions following a firm spot demand.

On the Multi Commodity Exchange, crude oil for April delivery traded higher Rs26 or 0.38 per cent at Rs6,802 per barrel in 3,546 lots.

Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil was up 0.48 per cent to $81.74 per barrel, and Brent crude traded 0.44 per cent higher at $86.47 per barrel in New York.

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