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Crude oil futures drop on low demand

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NEW DELHI: Crude oil futures on Thursday fell 0.79 per cent to Rs 4,409 per barrel as individuals decreased their positions on low demand.

On the Multi Commodity Alternate, crude oil for April supply eased by Rs 35, or 0.79 per cent, to Rs 4,409 per barrel with a enterprise quantity of 5,938 tons.

Nevertheless, West Texas Intermediate crude oil was buying and selling 0.99 per cent decrease at USD 59.18 per barrel, whereas Brent crude was quoting 0.90 per cent down at USD 62.59 per barrel in New York.



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