Crude oil futures decline on low demand

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New Delhi, Feb 19 (PTI) Crude oil futures on Friday fell 2.59 per cent to Rs 4,296 per barrel as participants reduced their positions on low demand.

On the Multi Commodity Exchange, crude oil for the February delivery eased by Rs 114, or 2.59 per cent, to Rs 4,296 per barrel with a business volume of 5,213 lots.

West Texas Intermediate crude oil was trading 2.38 per cent lower at USD 59.08 per barrel, while Brent crude was was quoting 1.92 per cent down at USD 62.70 per barrel in New York. PTI SHW HRS hrs