Crude oil futures prices declined 0.81 per cent to Rs 4,785 per barrel today in tandem with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 39 or 0.81 per cent to Rs 4,785 per barrel with a business volume of 11,980 lots.
Similarly, the oil for August delivery moved down by Rs 60 or 0.8 per cent to Rs 4,829 per barrel with a turnover of 1,051 lots.
Marketmen said the fall in crude oil futures prices was in line with a weak trend in Asian trade as worries over the global economy were rekindled following interest rate cuts by central banks in Europe and China.
Meanwhile, crude oil for delivery in August was down 37 cents at $86.85 a barrel on the New York Mercantile Exchange.
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.