Crude oil futures decline on low demand

Crude oil futures on Tuesday fell by 1.69 per cent to Rs 3,368 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for December delivery eased by Rs 58, or 1.69 per cent, to Rs 3,368 per barrel with a business volume of 1,537 lots.

Globally, West Texas Intermediate crude oil was trading 0.33 per cent lower at USD 45.61 per barrel, while Brent crude was quoting 0.31 per cent lower at USD 48.67 per barrel in New York.