Brent crude trading lower at $78/bbl

Crude oil futures declined 0.82 per cent to Rs6,078 per barrel as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil traded 1.10 per cent lower at $73 per barrel, while Brent crude was trading 0.91 per cent down at $78 per barrel in New York. On MCX, crude oil for January delivery fell Rs50 or 0.82 per cent to Rs6,078 per barrel with a business volume of 14,758 lots.