Crude Oil Futures Decline on Weak Global Demand - PTI
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Crude oil futures in India eased on Monday, tracking weak global demand. WTI crude oil decreased 1.75% to USD 63.55 per barrel and Brent Crude fell 1.71% to USD 66.80.
New Delhi, Apr 21 (PTI) Crude oil futures on Monday declined Rs 101 to Rs 5,378 per barrel in futures trade as participants trimmed their positions tracking weak demand in the overseas market.
On the Multi Commodity Exchange, crude oil for May delivery eased by Rs 101 or 1.84 per cent to Rs 5,378 per barrel in 13,199 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
On the global front, West Texas Intermediate crude oil decreased 1.75 per cent to USD 63.55 per barrel and Brent Crude was trading 1.71 per cent lower at USD 66.80 a barrel in New York.
On the Multi Commodity Exchange, crude oil for May delivery eased by Rs 101 or 1.84 per cent to Rs 5,378 per barrel in 13,199 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
On the global front, West Texas Intermediate crude oil decreased 1.75 per cent to USD 63.55 per barrel and Brent Crude was trading 1.71 per cent lower at USD 66.80 a barrel in New York.
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