Crude oil futures decline on low demand

New Delhi, Aug 7 (PTI) Crude oil futures on Wednesday declined 0.29 per cent to Rs 6,168 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for August delivery fell Rs 18 or 0.29 per cent to Rs 6,168 per barrel with a business volume of 16,013 lots.

Globally, West Texas Intermediate crude oil traded 0.08 per cent lower at USD 73.14 per barrel, while Brent crude was trading 0.05 per cent down at USD 76.44 per barrel in New York.