Crude Oil Futures Ease on Weak Spot Demand
x
Crude oil futures declined due to weak spot demand. September delivery fell on MCX. WTI & Brent Crude prices rise globally.
New Delhi, Sep 16 (PTI) Crude oil futures on Tuesday declined Rs 8 to Rs 5,579 per barrel as participants trimmed their positions amid weak demand in the spot market.
On the Multi-Commodity Exchange, crude oil for September delivery fell Rs 8 or 0.14 per cent to Rs 5,579 per barrel in 4,297 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, however, West Texas Intermediate crude oil was trading 0.24 per cent higher at USD 63.45 per barrel, while Brent Crude rose 0.16 per cent to USD 67.55 per barrel in New York.
On the Multi-Commodity Exchange, crude oil for September delivery fell Rs 8 or 0.14 per cent to Rs 5,579 per barrel in 4,297 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, however, West Texas Intermediate crude oil was trading 0.24 per cent higher at USD 63.45 per barrel, while Brent Crude rose 0.16 per cent to USD 67.55 per barrel in New York.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone-Idea-L
- 10.80 (+ 1.12)
- 64479733
- Pradhin
- 0.27 (+ 17.39)
- 41923542
- Sattva-Sukun-Lifecar
- 0.56 (+ 5.66)
- 34488002
- Alstone-Textiles
- 0.30 ( 0.00)
- 34091490
- Sunshine-Capital
- 0.25 ( -3.85)
- 30901660
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback