Crude Oil Futures Fall 1.63% On Low Demand

Crude oil futures fell 1.63 per cent to Rs 3,750 per barrel on Thursday after speculators booked profits at existing levels amid subdued spot demand.

Crude oil for delivery in October traded lower by Rs 62, or 1.63 per cent, to Rs 3,750 per barrel with a business volume of 18,388 lots, on the Multi Commodity Exchange (MCX).

The crude oil contracts for November delivery shed Rs 64, or 1.67 per cent, to Rs 3,758 per barrel in 471 lots.

Meanwhile, the global benchmark Brent was down 0.26 per cent at USD 57.54 per barrel, while West Texas Intermediate firmed up 0.04 per cent at USD 52.66.

(PTI)