Crude Oil Futures Fall on Weak Spot Demand
Crude oil futures declined on Tuesday due to reduced demand. WTI and Brent crude also traded lower in New York.
New Delhi, Nov 5 (PTI) Crude oil futures on Tuesday decreased Rs 10 to Rs 6,014 per barrel in futures trade as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for November delivery traded lower Rs 10 or 0.17 per cent at Rs 6,014 per barrel in 13,224 lots.
Globally, West Texas Intermediate crude was trading 0.04 per cent lower at USD 71.44 per barrel, while Brent crude was trading 0.04 per cent down at USD 75.05 per barrel in New York.
On the Multi Commodity Exchange, crude oil for November delivery traded lower Rs 10 or 0.17 per cent at Rs 6,014 per barrel in 13,224 lots.
Globally, West Texas Intermediate crude was trading 0.04 per cent lower at USD 71.44 per barrel, while Brent crude was trading 0.04 per cent down at USD 75.05 per barrel in New York.
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