Crude oil futures decline on low demand

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New Delhi, Jan 29 (PTI) Crude oil futures on Friday fell by 0.55 per cent to Rs 3,806 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for February delivery eased by Rs 21, or 0.55 per cent, to Rs 3,806 per barrel with a business volume of 4,074 lots.

West Texas Intermediate crude oil was trading 0.63 per cent lower at USD 52.01 per barrel while Brent crude was quoting 0.32 per cent down at USD 55.35 per barrel in New York. PTI MR