Crude Oil Futures Fall on Weak Demand
Crude oil futures eased by Rs 30 to Rs 6,146 per barrel on weak spot demand. Global benchmarks, WTI and Brent crude, also saw slight declines.
New Delhi, Jul 31 (PTI) Crude oil futures on Thursday fell Rs 30 to Rs 6,146 per barrel, as participants trimmed their positions, tracking weak demand in the spot market.
On the Multi-Commodity Exchange, crude oil for August delivery declined Rs 30, or 0.49 per cent, to Rs 6,146 per barrel in 11,323 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.01 per cent lower at USD 69.99 per barrel, while Brent Crude fell 0.03 per cent to USD 73.21 per barrel in New York.
On the Multi-Commodity Exchange, crude oil for August delivery declined Rs 30, or 0.49 per cent, to Rs 6,146 per barrel in 11,323 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.01 per cent lower at USD 69.99 per barrel, while Brent Crude fell 0.03 per cent to USD 73.21 per barrel in New York.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Billionbrains Garage
- 188.82 (+ 8.04)
- 77986429
- Vodafone Idea L
- 10.74 ( -1.83)
- 63105249
- Spright Agro
- 0.56 (+ 3.70)
- 52174708
- Sunshine Capital
- 0.27 (+ 3.85)
- 30062255
- MphasiS Ltd.
- 2,659.70 ( -1.10)
- 19196704
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback