Crude oil futures decline on low demand

Crude oil futures on Friday fell 0.31 per cent to Rs 3,887 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for the January delivery eased by Rs 12, or 0.31 per cent, to Rs 3,887 per barrel with a business volume of 2,403 lots.

Globally, West Texas Intermediate crude oil was trading 0.82 per cent lower at USD 53.13 per barrel, while Brent crude was quoting 1.13 per cent down at USD 55.78 per barrel in New York.