Traders reduced their positions in Crude oil futures

Crude oil futures prices moved down by 0.28 per cent today as traders reduced their positions following fall in demand.Crude oil for current December contract shed 0.28 per cent at Rs 3,522 per barrel with business turnover in 12 lots.Similarly, the oil for delivery in January contract traded lower by 0.22 per cent to Rs 3,610 per barrel with business turnover of 5 lots.

Market analysts said traders indulged in reducing their positions due to fall in demand led to fall in crude oil prices at futures market.