Crude oil futures ease on low demand

Crude oil futures fell 0.77 per cent to Rs 3,736 per barrel on Thursday after speculators booked profits at existing levels amid subdued spot demand.

Crude oil for delivery in October was trading lower by Rs 29, or 0.77 per cent, to Rs 3,736 per barrel with a business volume of 16,902 lots on the Multi Commodity Exchange (MCX).

The oil for delivery in November, however, was up by Rs 31, or 0.82 per cent, to Rs 3,751 per barrel in 388 lots.


Meanwhile, West Texas Intermediate was down by 0.27 per cent at $52.45 per barrel, while the global benchmark Brent dipped 0.22 per cent at $58.19.