Crude Oil Futures Decline on Low Demand - PTI
Jul 16, 2024 13:04
Crude oil futures fell 0.69% to Rs 6,800 per barrel on Tuesday due to weak demand. Global benchmarks WTI and Brent also traded lower.
New Delhi, Jul 16 (PTI) Crude oil futures on Tuesday declined 0.69 per cent to Rs 6,800 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for July delivery fell Rs 47 or 0.69 per cent to Rs 6,800 per barrel with a business volume of 6,351 lots.
Globally, West Texas Intermediate crude oil traded 0.76 per cent lower at USD 81.29 per barrel, while Brent crude was trading 0.66 per cent down at USD 84.29 per barrel in New York.
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