Crude oil futures fall on low demand

New Delhi: Crude oil futures fell 0.19 per cent to Rs 3,601 per barrel Thursday after speculators booked profits at existing levels amid subdued spot demand.

Crude oil for delivery in June contract was trading lower by Rs 7, or 0.19 per cent, to Rs 3,601 per barrel with a business volume of 3,601 lots on Multi Commodity Exchange (MCX).

Analysts said fall in crude oil futures is mostly in tune with a weak trend in domestic markets where it slipped on profit-booking by speculators.


Meanwhile, West Texas Intermediate was trading up 0.37 per cent at USD 51.87, while global benchmark Brent was down 0.35 per cent at USD 60.84 a barrel.