Crude oil futures decline to Rs 3,543 per barrel

PTI | | Updated on: Dec 06, 2021

Crude oil futures fell Rs 50 to Rs 3,543 per barrel today as speculators indulged in trimming positions amid a weak trend in Asian markets.

Trading sentiment turned weak at the futures trade following a fall in crude oil prices in Asian markets after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report, analysts said.

On the Multi Commodity Exchange, crude oil for delivery in May dropped by Rs 50 or 1.39 per cent to Rs 3,543 per barrel in 2,780 lots.

Similarly, the oil for far-month June delivery fell Rs 46 or 1.25 per cent to Rs 3,642 per barrel in a volume of 71 lots.

Meanwhile, West Texas Intermediate (WTI) crude oil fell 52 cents to $56.09 a barrel, while Brent crude shed 42 cents to $61.66 per barrel in late-morning trade on the New York Mercantile Exchange.

Published on April 22, 2015
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