Brent crude trading lower at $77.22/bbl

Crude oil prices declined Rs8 to Rs6,214 per barrel in futures trade as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil fell by 0.53 per cent to $73.94 per barrel, and Brent crude traded 0.39 per cent lower at $77.22 per barrel in New York On MCX, crude oil for September delivery traded lower Rs8 or 0.13 per cent at Rs6,214 per barrel in 9,559 lots. Analysts said declining of bets by participants kept crude oil prices lower in futures trade.