Brent crude is trading at $83.30/bbl

Crude oil prices rose by Rs 19 to Rs 6,613 per barrel in futures trade as participants widened their positions on firm spot demand. Globally, West Texas Intermediate (WTI) crude was down 0.03% at $79.10 a barrel and Brent crude traded 0.07% higher in New York at $83.30 a barrel. barrel.

On the MCX, crude for May delivery traded up Rs 19 or 0.29% at Rs 6,613 a barrel in 6,425 lots. Analysts said increased betting by participants kept crude oil prices higher in futures trading.

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