Crude Oil Futures Decline on Low Demand - PTI
By Rediff Money Desk, New Delhi May 13, 2024 14:08
Crude oil futures fell marginally on the Multi Commodity Exchange, driven by weak demand. Read more on the impact of low demand on crude oil prices.
![Crude Oil Futures Decline on Low Demand - PTI](https://im.rediff.com/money/2016/dec/05crude.jpg)
New Delhi, May 13 (PTI) Crude oil futures on Monday marginally declined 0.02 per cent to Rs 6,550 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for May delivery marginally fell Re 1 or 0.02 per cent to Rs 6,550 per barrel with a business volume of 7,956 lots.
Globally, West Texas Intermediate crude oil traded 0.18 per cent higher at USD 78.40 per barrel, while Brent crude was trading 0.12 per cent lower at USD 82.89 per barrel in New York.
On the Multi Commodity Exchange, crude oil for May delivery marginally fell Re 1 or 0.02 per cent to Rs 6,550 per barrel with a business volume of 7,956 lots.
Globally, West Texas Intermediate crude oil traded 0.18 per cent higher at USD 78.40 per barrel, while Brent crude was trading 0.12 per cent lower at USD 82.89 per barrel in New York.
Source: PTI
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