Crude oil futures decline on low demand

New Delhi: Crude oil futures on Friday fell by 0.07 per cent to Rs 2,996 per barrel as participants reduced their positions on low demand. On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 2, or 0.07 per cent, to Rs 2,996 per barrel with a business volume of 3,020 lots.

Crude oil for December delivery was quoting lower by 13, or 0.43 per cent, at Rs 3,039 per barrel with an open interest of 54 lots.

West Texas Intermediate crude oil fell by 0.20 per cent to USD 40.56 per barrel, while Brent crude was trading lower by 0.12 per cent at USD 42.41 per barrel in New York.