Crude oil futures decline on low demand

Crude oil futures on Friday fell by 3.55 per cent to Rs 3,012 per barrel as participants reduced their positions on low demand.
On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 111, or 3.55 per cent, to Rs 3,012 per barrel with a business volume of 3,384 lots.

Globally, West Texas Intermediate crude oil was trading 1.70 per cent lower at USD 40.42 per barrel, while Brent crude was quoting 1.38 per cent lower at USD 42.93 per barrel in New York.