Brent Crude trade higher at $67.55/bbl

Crude oil futures on Tuesday declined Rs 8 to Rs 5,579 per barrel as participants trimmed their positions amid weak demand in the spot market.

On the Multi-Commodity Exchange, crude oil for September delivery fell Rs 8 or 0.14 per cent to Rs 5,579 per barrel in 4,297 lots.

Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market. Globally, however, West Texas Intermediate crude oil was trading 0.24 per cent higher at $63.45 per barrel, while Brent Crude rose 0.16 per cent to $67.55 per barrel in New York.