Crude Oil Futures Decline on Low Demand
Crude oil futures declined on Friday due to low demand. On the Multi Commodity Exchange, crude oil for March delivery fell by 0.25% to Rs 6,497 per barrel. Globally, West Texas Intermediate crude oil traded higher while Brent crude was trading lower.
New Delhi, Mar 1 (PTI) Crude oil futures on Friday declined 0.25 per cent to Rs 6,497 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for March delivery fell Rs 16 or 0.25 per cent to Rs 6,497 per barrel with a business volume of 6,017 lots.
Globally, West Texas Intermediate crude oil traded 0.18 per cent higher at USD 78.40 per barrel, while Brent crude was trading 0.26 per cent lower at USD 82.12 per barrel in New York.
On the Multi Commodity Exchange, crude oil for March delivery fell Rs 16 or 0.25 per cent to Rs 6,497 per barrel with a business volume of 6,017 lots.
Globally, West Texas Intermediate crude oil traded 0.18 per cent higher at USD 78.40 per barrel, while Brent crude was trading 0.26 per cent lower at USD 82.12 per barrel in New York.
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