Brent crude trading lower at $82.70/bbl

Crude oil futures on Thursday declined 1.03 per cent to Rs6,532 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for March delivery fell Rs68 or 1.03 per cent to Rs6,532 per barrel with a business volume of 3,763 lots. Globally, West Texas Intermediate crude oil traded 0.21 per cent lower at $78.92 per barrel, while Brent crude was trading 0.31 per cent lower at $82.70 per barrel in New York.