Crude Oil Futures Decline on Low Demand - PTI
By Rediff Money Desk, New Delhi May 22, 2024 14:32
Crude oil futures declined 1.45% on Wednesday to Rs 6,473 per barrel on the Multi Commodity Exchange due to weak demand. Read more.
![Crude Oil Futures Decline on Low Demand - PTI](https://im.rediff.com/money/2016/dec/05crude.jpg)
New Delhi, May 22 (PTI) Crude oil futures on Wednesday declined 1.45 per cent to Rs 6,473 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for May delivery fell Rs 95 or 1.45 per cent to Rs 6,473 per barrel with a business volume of 6,641 lots.
Globally, West Texas Intermediate crude oil traded 1.17 per cent lower at USD 77.74 per barrel, while Brent crude was trading 1.18 per cent lower at USD 81.93 per barrel in New York.
On the Multi Commodity Exchange, crude oil for May delivery fell Rs 95 or 1.45 per cent to Rs 6,473 per barrel with a business volume of 6,641 lots.
Globally, West Texas Intermediate crude oil traded 1.17 per cent lower at USD 77.74 per barrel, while Brent crude was trading 1.18 per cent lower at USD 81.93 per barrel in New York.
Source: PTI
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