Crude Oil Futures Dip On Weak Spot Demand


Crude oil for the October supply dropped by Rs 21, or 0.36 per cent, to Rs 5,804 per barrel with a enterprise quantity of 8,870 tons.

Crude oil costs on Tuesday fell Rs 21 to Rs 5,804 per barrel after members minimize their positions.

On the Multi Commodity Exchange, crude oil for the October supply dropped by Rs 21, or 0.36 per cent, to Rs 5,804 per barrel with a enterprise quantity of 8,870 tons.

Analysts stated the autumn in crude oil futures was principally as a consequence of trimming of positions by merchants amid a weak spot demand.

Globally, nonetheless, West Texas Intermediate crude oil was buying and selling 0.28 per cent greater at USD 77.84 per barrel.

Meanwhile, Brent crude, the worldwide benchmark, up 0.49 per cent to commerce at USD 81.66 per barrel in New York. 

(PTI)




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