Crude oil futures declined on Wednesday due to weak spot demand, with prices dropping by Rs 61 to Rs 5,993 per barrel. Global benchmarks also witnessed a decline.
New Delhi, Nov 6 (PTI) Crude oil futures on Wednesday decreased Rs 61 to Rs 5,993 per barrel in futures trade as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for November delivery traded lower Rs 61 or 1.01 per cent at Rs 5,993 per barrel in 12,818 lots.
Globally, West Texas Intermediate crude was trading 1.53 per cent lower at USD 70.89 per barrel, while Brent crude was trading 1.55 per cent down at USD 74.36 per barrel in New York.
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