Brent crude trading lower at $93.42/bbl

Crude oil futures on Wednesday declined 1.18 per cent to Rs7,457 per barrel as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil was trading 0.95 per cent lower at $90.33 per barrel, while Brent crude was marginally up at $93.42 per barrel in New York. On MCX, crude oil for September delivery fell Rs89 or 1.18 per cent to Rs7,457 per barrel with a business volume of 7,609 lots.