Comments
Crude oil futures prices today fell 0.41 per cent to Rs 6,379 per barrel, as speculators trimmed positions amid a weak trend in the Asian trade.
Trading sentiment turned weak at the futures trade following fall in global crude oil prices on fading of fears over supply disruption in the wake of Iraq crisis, analysts said.
On the Multi Commodity Exchange, crude oil for delivery in July shed Rs 26 or 0.41 per cent to Rs 6,379 per barrel in 1,785 lots.
The oil for August delivery moved down by a similar margin to trade at Rs 6,370 per barrel in a volume of 83 lots.
Meanwhile, West Texas Intermediate (WTI) crude oil was down 47 cents at $105.70 a barrel, while Brent North Sea crude eased 19 cents to $113.93 per barrel on the New York Mercantile Exchange.
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.