Crude Oil Futures Decline on Low Demand
Crude oil futures declined 0.1% to Rs 6,307 per barrel on Thursday due to low demand, while global prices saw mixed trends.
New Delhi, Feb 1 (PTI) Crude oil futures on Thursday declined 0.1 per cent to Rs 6,307 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for February delivery fell Rs 6 or 0.1 per cent to Rs 6,307 per barrel with a business volume of 8,456 lots.
Globally, West Texas Intermediate crude oil traded 0.07 per cent higher at USD 75.90 per barrel, while Brent crude was trading 1.40 per cent down at USD 81.71 per barrel in New York.
On the Multi Commodity Exchange, crude oil for February delivery fell Rs 6 or 0.1 per cent to Rs 6,307 per barrel with a business volume of 8,456 lots.
Globally, West Texas Intermediate crude oil traded 0.07 per cent higher at USD 75.90 per barrel, while Brent crude was trading 1.40 per cent down at USD 81.71 per barrel in New York.
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