Crude oil futures decline on low demand

New Delhi: Crude oil futures on Tuesday fell by 0.33 per cent to Rs 2,979 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for October delivery eased by Rs 10, or 0.33 per cent, to Rs 2,979 per barrel with a business volume of 3,178 lots.

Crude oil for November delivery was quoting lower by Rs 15, or 0.49 per cent, at Rs 3,019 per barrel with an open interest of 73 lots.

Globally, West Texas Intermediate crude oil was trading 0.91 per cent lower at USD 40.23 per barrel, while Brent crude was quoting 0.75 per cent lower at USD 42.11 per barrel in New York.