Crude Oil Futures Decline on Low Demand - PTI
Jun 04, 2024 13:45
Crude oil futures fell 1.21% on Tuesday to Rs 6,106 per barrel on the Multi Commodity Exchange, driven by weak demand. Global oil prices also declined.
New Delhi, Jun 4 (PTI) Crude oil futures on Tuesday declined 1.21 per cent to Rs 6,106 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for June delivery fell Rs 75 or 1.21 per cent to Rs 6,106 per barrel with a business volume of 16,720 lots.
Globally, West Texas Intermediate crude oil traded 1.63 per cent lower at USD 73.01 per barrel, while Brent crude was trading 1.33 per cent lower at USD 77.32 per barrel in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.