Crude oil futures ease amid weak spot demand

Crude oil futures declined Rs 26 to Rs 5,807 per barrel, as participants trimmed their positions amid weak demand in the spot market.

Crude oil for October delivery fell 0.45 per cent in 10,883 lots. Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.

Globally, however, West Texas Intermediate crude oil was trading 0.41 per cent lower at $65.31 per barrel, while Brent Crude fell 0.46 per cent to $69.81 per barrel in New York.