Crude Oil Futures Decline on Low Demand - PTI
Dec 04, 2023 14:28
Crude oil futures declined on Monday due to low demand. The Multi Commodity Exchange saw a drop of 2.56% in prices, while global markets saw mixed results.
New Delhi, Dec 4 (PTI) Crude oil futures on Monday declined 2.56 per cent to Rs 6,120 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for December delivery fell Rs 161 or 2.56 per cent to Rs 6,120 per barrel with a business volume of 13,030 lots.
Globally, West Texas Intermediate crude oil went lower by 1.19 per cent at USD 73.19 per barrel, while Brent crude was trading up 1.19 per cent at USD 77.19 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.