Crude Oil Futures Decline on Low Demand - PTI
May 24, 2024 13:37
Crude oil futures declined on Friday due to low demand, falling to Rs 6,384 per barrel on the Multi Commodity Exchange. West Texas Intermediate and Brent crude also saw declines.
New Delhi, May 24 (PTI) Crude oil futures on Friday declined 0.2 per cent to Rs 6,384 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots.
Globally, West Texas Intermediate crude oil traded 0.42 per cent lower at USD 76.55 per barrel, while Brent crude was trading 0.37 per cent lower at USD 81.06 per barrel in New York.
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