Brent crude trading at $83.17/bbl

Crude oil futures declined 0.18 per cent to Rs6,502 per barrel as participants trimmed their positions on low demand. On MCX, crude oil for March delivery fell Rs12 or 0.18 per cent to Rs6,502 per barrel with a business volume of 6,211 lots.

Globally, West Texas Intermediate (WTI) crude oil traded 0.58 per cent lower at $78.41 per barrel, while Brent crude was trading 0.57 per cent lower at $83.17 per barrel in New York.