Crude Oil Futures Fall on Weak Global Demand - PTI
Crude oil futures eased on Monday as participants reduced positions amid weak global demand. WTI crude declined 0.26% to USD 70.22/barrel, while Brent fell 0.15% to USD 74.32/barrel.
New Delhi, Feb 24 (PTI) Crude oil futures on Monday fell by Rs 42 to Rs 6,106 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 April delivery traded lower by Rs 42 or 0.68 per cent at Rs 6,106 per barrel in 3,979 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.26 per cent to USD 70.22 per barrel, while Brent crude was trading 0.15 per cent lower at USD 74.32 per barrel in New York.
On the Multi Commodity Exchange, crude oil for April delivery traded lower by Rs 42 or 0.68 per cent at Rs 6,106 per barrel in 3,979 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.26 per cent to USD 70.22 per barrel, while Brent crude was trading 0.15 per cent lower at USD 74.32 per barrel in New York.
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