Crude Oil Futures Fall on Weak Spot Demand
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Crude oil futures decline on MCX due to weak spot demand. October delivery down. Tracked global WTI and Brent Crude prices.
New Delhi, Sep 18 (PTI) Crude oil futures on Thursday fell by Rs 11 to Rs 5,611 per barrel, as participants trimmed their positions, tracking weak demand in the spot market.
On the Multi-Commodity Exchange, crude oil for October delivery declined Rs 35, or 0.62 per cent, to Rs 5,611 per barrel in 4,866 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 0.52 per cent lower at USD 63.72 per barrel, while Brent Crude fell 0.44 per cent to USD 67.65 per barrel in New York.
On the Multi-Commodity Exchange, crude oil for October delivery declined Rs 35, or 0.62 per cent, to Rs 5,611 per barrel in 4,866 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 0.52 per cent lower at USD 63.72 per barrel, while Brent Crude fell 0.44 per cent to USD 67.65 per barrel in New York.
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