Crude oil futures on the Multi Commodity Exchange fell 1.53% to Rs 5,852 per barrel on Wednesday, driven by weak demand. Global crude oil prices also declined.
New Delhi, Jan 3 (PTI) Crude oil futures on Wednesday declined 1.53 per cent to Rs 5,852 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for January delivery fell Rs 91 or 1.53 per cent to Rs 5,852 per barrel with a business volume of 14,758 lots.
Globally, West Texas Intermediate crude oil traded 0.47 per cent lower at USD 70.05 per barrel, while Brent crude was trading down 0.38 per cent at USD 75.60 per barrel in New York.
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