Crude Oil Futures Fall on Weak Demand
Crude oil futures declined on Monday due to weak spot demand. Prices fell to Rs 5,812 per barrel on the Multi Commodity Exchange. Global crude oil prices were mixed.
New Delhi, Dec 2 (PTI) Crude oil futures on Monday marginally fell to Rs 5,812 per barrel in futures trade as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for December delivery traded marginally lower by Rs 2 or 0.03 per cent at Rs 5,812 per barrel in 10,687 lots.
Globally, West Texas Intermediate crude was trading 0.65 per cent higher at USD 68.44 per barrel, while Brent crude was trading 0.65 per cent lower at USD 72.31 lower per barrel in New York.
On the Multi Commodity Exchange, crude oil for December delivery traded marginally lower by Rs 2 or 0.03 per cent at Rs 5,812 per barrel in 10,687 lots.
Globally, West Texas Intermediate crude was trading 0.65 per cent higher at USD 68.44 per barrel, while Brent crude was trading 0.65 per cent lower at USD 72.31 lower per barrel in New York.
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