Crude oil futures decline on low demand

New Delhi, Aug 23 (PTI) Crude oil futures on Friday declined 0.16 per cent to Rs 6,148 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for September delivery fell Rs 10 or 0.16 per cent to Rs 6,148 per barrel with a business volume of 10,168 lots.

Globally, West Texas Intermediate crude oil traded 0.16 per cent higher at USD 73.13 per barrel, while Brent crude was trading 0.19 per cent up at USD 77.37 per barrel in New York.