Crude Oil Futures Decline Amid Weak Global Demand
Crude oil futures on the Multi Commodity Exchange fell Rs 35 to Rs 5,819 per barrel, tracking weak global demand. WTI crude declined 0.46% to USD 66.58 per barrel, and Brent crude was down 0.61% at USD 69.93 per barrel.
New Delhi, Mar 10 (PTI) Crude oil futures on Monday fell Rs 35 to Rs 5,819 per barrel in futures trade as participants trimmed their positions tracking weak demand in the overseas market.
On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 35 or 0.6 per cent at Rs 5,819 per barrel in 1,652 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.46 per cent to USD 66.58 per barrel while Brent crude was trading 0.61 per cent lower at USD 69.93 per barrel in New York.
On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 35 or 0.6 per cent at Rs 5,819 per barrel in 1,652 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.46 per cent to USD 66.58 per barrel while Brent crude was trading 0.61 per cent lower at USD 69.93 per barrel in New York.
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