Crude oil futures decline on low demand

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New Delhi, Oct 28 (PTI) Crude oil futures on Wednesday fell by 3.51 per cent to Rs 2,831 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for November delivery eased by Rs 103, or 3.51 per cent, to Rs 2,831 per barrel with a business volume of 3,319 lots.

Globally, West Texas Intermediate crude oil was trading 2.98 per cent lower at USD 38.39 per barrel, while Brent crude declined 2.43 per cent to USD 40.20 per barrel in New York. PTI SHW RUJ RUJ