Crude oil futures slip on low demand

Crude oil futures on Tuesday declined 0.63 per cent to Rs 6,267 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for December delivery fell by Rs 40 or 0.63 per cent to Rs 6,267 per barrel in a business volume of 8,476 lots.

Globally, West Texas Intermediate crude oil was trading 0.16 per cent lower at USD 75.07 per barrel, and Brent crude was down 0.10 per cent to USD 79.72 per barrel in New York.