Crude Oil Futures Fall on Weak Global Demand
Crude oil futures declined in India on Friday, tracking weak global demand. WTI and Brent crude also fell in New York. Read more.
New Delhi, Jan 24 (PTI) Crude oil futures on Friday fell Rs 36 to Rs 6,448 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 February delivery traded lower by Rs 36 or 0.56 per cent at Rs 6,448 per barrel in 8,234 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.07 per cent to USD 74.57 per barrel while Brent crude was trading 0.09 per cent lower at USD 78.22 per barrel in New York.
On the Multi Commodity Exchange, crude oil for February delivery traded lower by Rs 36 or 0.56 per cent at Rs 6,448 per barrel in 8,234 lots.
Analysts said the prices were affected following participants offloading their holdings amid weak global cues.
Globally, West Texas Intermediate crude declined 0.07 per cent to USD 74.57 per barrel while Brent crude was trading 0.09 per cent lower at USD 78.22 per barrel in New York.
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