Brent crude trading higher at $81.83/bbl

Crude oil futures on Wednesday declined 0.63 per cent to Rs6,466 per barrel as participants trimmed their positions on low demand. On MCX, crude oil for November delivery fell Rs41 or 0.63 per cent to Rs6,466 per barrel with a business volume of 11,826 lots. Globally, West Texas Intermediate (WTI) crude oil remained flat at $77.37 per barrel, while Brent crude was trading up 0.27 per cent to $81.83 per barrel in New York.