Crude oil futures on Wednesday declined 1.73 per cent to Rs6,471 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for May delivery fell Rs114 or 1.73 per cent to Rs6,471 per barrel with a business volume of 11,948 lots.
Globally, West Texas Intermediate crude oil traded 1.38 per cent lower at $77.30 per barrel, while Brent crude was trading 1.27 per cent lower at $82.10 per barrel in New York.