Brent crude trading lower at $77.13/bbl

Crude oil futures on Wednesday declined 0.23 per cent to Rs6,140 per barrel as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil traded 0.44 per cent lower at $74.04 per barrel, while Brent crude was trading 0.09 per cent down at $77.13 per barrel in New York.

On the Multi Commodity Exchange, crude oil for September delivery fell Rs14 or 0.23 per cent to Rs6,140 per barrel with a business volume of 8,731 lots.