Profit-taking pulls crude oil futures down

PTI Updated - March 12, 2018 at 09:37 PM.

Crude oil futures fell 0.19 per cent to Rs 5,828 per barrel today due to profit-booking by speculators. However, a firm trend in Asian trade capped the losses.

On the Multi Commodity Exchange, crude oil for delivery in December traded lower by Rs 11 or 0.19 per cent at Rs 5,828 per barrel in 1,502 lots.

Similarly, the oil for delivery in January next year moved down by Rs 8 or 0.14 per cent to Rs 5,889 per barrel in 102 lots.

Trading sentiment turned weak at the futures trade after participants locked-in gains at the prevailing levels but a firm trend in Asian trade on upbeat manufacturing data in China, the world’s top energy consumer, limited the losses.

Meanwhile, crude oil for January delivery was up 52 cents to $93.24 a barrel on the New York Mercantile Exchange.

Published on December 2, 2013 06:39