Brent crude trading lower at $89.14/bbl

Crude oil futures declined 0.64 per cent to Rs7,116 per barrel as participants trimmed their positions on low demand. Globally, West Texas Intermediate (WTI) crude oil traded 0.22 per cent lower at $85.24 per barrel, while Brent crude was trading 0.23 per cent lower at $89.14 per barrel in New York. On MCX, crude oil for April delivery fell Rs 46 or 0.64 per cent to Rs 7,116 per barrel with a business volume of 9,995 lots.