Crude oil futures declined on Wednesday due to weak demand, falling 1.73% to Rs 6,471 per barrel on the Multi Commodity Exchange. Global oil prices also fell.
New Delhi, May 8 (PTI) Crude oil futures on Wednesday declined 1.73 per cent to Rs 6,471 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for May delivery fell Rs 114 or 1.73 per cent to Rs 6,471 per barrel with a business volume of 11,948 lots.
Globally, West Texas Intermediate crude oil traded 1.38 per cent lower at USD 77.30 per barrel, while Brent crude was trading 1.27 per cent lower at USD 82.10 per barrel in New York.
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