Brent Crude trade lower at $61.20/bbl

Crude oil futures declined by Rs 19 to Rs 5,216 per barrel as participants trimmed their positions amid weak demand in the spot market.

Crude oil for January delivery fell Rs 19 or 0.36 per cent to Rs 5,216 per barrel in 17,580 lots. Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude oil was trading 0.24 per cent lower at $57.81 per barrel, while Brent Crude fell 0.23 per cent to $61.20 per barrel in New York.