Crude Oil Futures Decline on Low Demand - PTI
Crude oil futures declined on Tuesday due to low demand, falling to Rs 6,491 per barrel on the Multi Commodity Exchange. Global oil prices showed mixed trends.
New Delhi, Feb 20 (PTI) Crude oil futures on Tuesday declined 0.41 per cent to Rs 6,491 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for March delivery fell Rs 27 or 0.41 per cent to Rs 6,491 per barrel with a business volume of 5,006 lots.
Globally, West Texas Intermediate crude oil traded 0.48 per cent higher at USD 79.57 per barrel, while Brent crude was trading 0.11 per cent lower at USD 83.47 per barrel in New York.
On the Multi Commodity Exchange, crude oil for March delivery fell Rs 27 or 0.41 per cent to Rs 6,491 per barrel with a business volume of 5,006 lots.
Globally, West Texas Intermediate crude oil traded 0.48 per cent higher at USD 79.57 per barrel, while Brent crude was trading 0.11 per cent lower at USD 83.47 per barrel in New York.
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