Crude oil futures decline on low demand

New Delhi: Crude oil futures on Tuesday fell by 0.69 per cent to Rs 2,879 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for October delivery eased by Rs 20, or 0.69 per cent, to Rs 2,879 per barrel with a business volume of 3,127 lots.

Crude oil for November delivery was also quoting lower by Rs 14, or 0.48'per cent, at Rs 2,920 per barrel with an open interest of 141 lots.

However, globally, West Texas Intermediate crude oil was trading 0.87 per cent up at USD 39.56 per barrel, while Brent crude was quoting 0.92 per cent up at USD 41.67 per barrel in New York.