Crude oil futures edge lower on low demand

NEW DELHI: Crude oil futures fell 0.2 per cent to Rs 4,446 per barrel on Wednesday as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for April delivery eased by Rs 9, or 0.2 per cent, to Rs 4,446 per barrel with a business volume of 5,453 lots.

Globally, West Texas Intermediate crude oil was trading 0.05 per cent lower at USD 60.52 per barrel, while Brent crude was quoting 0.08 per cent down at USD 64.09 per barrel in New York.