Brent crude trading at $88.56/bbl

Crude oil futures declined 0.3 per cent to Rs7,088 per barrel as participants trimmed their positions on low demand. On MCX, crude oil for September delivery fell Rs21 or 0.3 per cent to Rs7,088 per barrel with a business volume of 11,300 lots. Globally, West Texas Intermediate (WTI) crude oil was trading 0.21 per cent lower at $85.37 per barrel, while Brent crude was down 0.49 per cent at $88.56 per barrel in New York.