Crude oil futures inch lower on weak demand

NEW DELHI: Crude oil futures on Monday fell 0.11 per cent to Rs 4,733 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for May delivery eased by Rs 5, or 0.11 per cent, to Rs 4,733 per barrel with a business volume of 4,982 lots.

However, West Texas Intermediate crude oil was trading 0.14 per cent lower at USD 63.04 per barrel, while Brent crude was quoting 0.21 per cent down at USD 66.63 per barrel in New York.