Crude oil futures decline on low demand

New Delhi, Aug 20 (PTI) Crude oil futures on Tuesday declined 1.02 per cent to Rs 6,127 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for September delivery fell Rs 63 or 1.02 per cent to Rs 6,127 per barrel with a business volume of 7,903 lots.

Globally, West Texas Intermediate crude oil traded 0.66 per cent lower at USD 73.88 per barrel, while Brent crude was trading 0.89 per cent down at USD 76.97 per barrel in New York.