Comments
Crude oil futures slipped Rs 15 to Rs 3,143 per barrel today, in line with a weak trend in Asian trade, as traders cut down their exposure.
Crude oil for delivery in November was trading lower by Rs 15, or 0.47 per cent, at Rs 3,143 per barrel, with a business volume of 1,321 lots at the Multi Commodity Exchange (MCX).
Also, oil prices for December delivery moved down Rs 15, or 0.46 per cent, to trade at Rs 3,216 per barrel, with a business volume of 106 lots.
Analysts said the fall in crude oil futures is mostly in step with a flat trend in Asian trade as investors weighed on US petroleum industry data showing a build—up in crude stockpiles and news that shipments from a Libyan port were halted due to tensions.
US benchmark West Texas Intermediate for December delivery fell one cent to USD 47.89, while Brent for December was up two cents at USD 50.56.
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.