Brent crude trading at $83.47/bbl

Crude oil futures declined 0.41 per cent to Rs 6,491 per barrel as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil traded 0.48 per cent higher at $79.57 per barrel, while Brent crude was trading 0.11 per cent lower at $83.47 per barrel in New York. On MCX, crude oil for March delivery fell Rs27 or 0.41 per cent to Rs6,491 per barrel with a business volume of 5,006 lots.