Crude Oil Futures Fall on Weak Spot Demand
x
Crude oil futures declined due to weak spot demand. October delivery fell on MCX. WTI and Brent Crude also saw declines.
New Delhi, Sep 29 (PTI) Crude oil futures on Monday declined Rs 26 to Rs 5,807 per barrel, as participants trimmed their positions amid weak demand in the spot market.
On the Multi-Commodity Exchange, crude oil for October delivery fell Rs 26 or 0.45 per cent to Rs 5,807 per barrel in 10,883 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, however, West Texas Intermediate crude oil was trading 0.41 per cent lower at USD 65.31 per barrel, while Brent Crude fell 0.46 per cent to USD 69.81 per barrel in New York.
On the Multi-Commodity Exchange, crude oil for October delivery fell Rs 26 or 0.45 per cent to Rs 5,807 per barrel in 10,883 lots.
Analysts said the prices were affected after participants offloaded their holdings amid weak demand in the spot market.
Globally, however, West Texas Intermediate crude oil was trading 0.41 per cent lower at USD 65.31 per barrel, while Brent Crude fell 0.46 per cent to USD 69.81 per barrel in New York.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 10.50 (+ 1.25)
- 88539859
- Spright Agro
- 0.58 ( -4.92)
- 73400184
- Billionbrains Garage
- 140.13 (+ 7.02)
- 73127982
- Welcure Drugs &
- 0.64 (+ 4.92)
- 48387596
- Sunshine Capital
- 0.27 ( 0.00)
- 26565222
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback