Crude oil futures drop on low demand

On the Multi Commodity Exchange, crude oil for May delivery eased by ₹5, or 0.11 per cent, to ₹4,733 per barrel with a business volume of 4,982 lots.

Crude oil futures on Monday fell 0.11 per cent to ₹4,733 per barrel as participants reduced their positions on low demand.

Oil prices crept up on Thursday (Bloomberg)

On the Multi Commodity Exchange, crude oil for May delivery eased by ₹5, or 0.11 per cent, to ₹4,733 per barrel with a business volume of 4,982 lots.

However, West Texas Intermediate crude oil was trading 0.14 per cent lower at USD 63.04 per barrel, while Brent crude was quoting 0.21 per cent down at USD 66.63 per barrel in New York.