Crude oil futures decline on low demand

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Crude oil futures on Tuesday declined by 0.46 per cent to Rs 8,682 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for July delivery fell by Rs 40 or 0.46 per cent to Rs 8,682 per barrel with a business volume of 6,186 lots.

Globally, West Texas Intermediate crude oil was trading 1.36 per cent higher at USD 109.91 per barrel while Brent crude was 0.19 per cent down at USD 113.28 per barrel in New York.

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