Crude Oil Futures Fall on Weak Demand - PTI
By Rediff Money Desk, New Delhi Dec 16, 2024 13:08
Crude oil futures declined on the Multi Commodity Exchange due to weak demand, with January delivery contracts trading at Rs 6,001 per barrel. Global benchmarks also saw losses.
![Crude Oil Futures Fall on Weak Demand - PTI](https://im.rediff.com/money/2022/jun/30crude.jpg?fr=money)
Photograph: Carlos Garcia Rawlins/Reuters
New Delhi, Dec 16 (PTI) Crude oil futures on Monday decreased Rs 22 to Rs 6,001 per barrel in futures trade as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for January delivery traded lower by Rs 22 or 0.37 per cent at Rs 6,001 per barrel in 7,205 lots.
Globally, West Texas Intermediate crude was trading 0.67 per cent lower at USD 70.81 per barrel while Brent crude was trading 0.51 per cent lower at USD 74.11 per barrel in New York.
On the Multi Commodity Exchange, crude oil for January delivery traded lower by Rs 22 or 0.37 per cent at Rs 6,001 per barrel in 7,205 lots.
Globally, West Texas Intermediate crude was trading 0.67 per cent lower at USD 70.81 per barrel while Brent crude was trading 0.51 per cent lower at USD 74.11 per barrel in New York.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.52 ( -8.77)
- 38569678
- Vodafone Idea L
- 8.07 ( -2.42)
- 13247264
- Spright Agro
- 6.48 ( -4.99)
- 5220731
- G G Engineering
- 1.03 ( -2.83)
- 5068323
- Spicejet Ltd.
- 42.51 (+ 0.52)
- 4344480
MORE NEWS
![Tesla Starts...](https://im.rediff.com/80-80/getahead/2017/nov/17elon-musk.jpg)
Tesla Starts Recruitment in India: EV Market...
Tesla opens recruitment in India, hinting at potential entry into the EV market. The...
![India-Qatar...](https://im.rediff.com/80-80/money/2018/jul/03piyush-goyal2.gif)
India-Qatar Investment Pact: Talks to Speed Up...
Qatar is ready to expedite negotiations for a bilateral investment promotion and...
![India-US Trade...](https://im.rediff.com/80-80/money/2018/jul/03piyush-goyal2.gif)
India-US Trade Deal: USD 500 Billion Target in...
India and the US aim to boost bilateral trade to USD 500 billion and negotiate a trade...