Crude oil futures decline on low demand
Crude oil futures on Friday fell by 0.76 per cent to ₹2,744 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for September delivery eased by ₹21, or 0.76 per cent, to ₹2,744 per barrel with a business volume of 3,575 lots.
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Crude oil for October delivery was quoting lower by ₹23, or 0.82 per cent, at ₹2,781 per barrel with an open interest of 53 lots.
However, West Texas Intermediate crude oil was trading up by 0.24 per cent at USD 37.39 per barrel.
Also Read : Traffic surge in Europe and Asia adds to mixed outlook for oil
Brent crude was trading 0.05 per cent higher at USD 40.07 per barrel in New York.
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