Brent Crude trading lower at $67.57/bbl

Crude oil prices declined nearly 1 per cent to Rs 5,675 per barrel in futures trade, tracking weak trends in global benchmarks.

Crude oil for February delivery decreased Rs 48, or 0.84 per cent, to Rs 5,675 per barrel in a business turnover of 8,416 lots.

Similarly, the March contract slipped Rs 38, or 0.66 per cent, to Rs 5,694 per barrel in 8,702 lots on the MCX. Traders said crude oil prices moved lower largely in line with weak overseas trends as concerns over demand recovery and geopolitical uncertainties kept investors cautious.

In the international markets, West Texas Intermediate crude oil and Brent Crude slipped 0.27 per cent each to $62.71 and $67.57 per barrel, respectively, in New York.