Comments
Crude oil prices declined by Rs 8 to Rs 4,823 a barrel in futures trade today, tracking a weakening global trend.
At the Multi Commodity Exchange, crude oil for delivery in May declined by Rs 8 or 0.17 per cent to Rs 4,823 a barrel, with business volume of 50 lots.
Similarly, the oil for delivery in June lost Rs 5 or 0.14 per cent to Rs 4,878 a barrel, with an open interest of three lots.
Market analysts attributed the fall in crude oil futures prices to a weakening global trend.
Meanwhile, New York’s main contract, crude for delivery in May dipped 17 cents to $106.95 a barrel.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.