Crude oil futures declined 0.19 per cent to Rs 5,688 per barrel today in line with a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11 or 0.19 per cent to Rs 5,688 per barrel with a business volume of 881 lots.
Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel with a business volume of 45 lots.
Marketmen said the fall in crude oil futures was mostly in tandem with a weak trend in Asian trade on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.
Meanwhile, West Texas Intermediate crude oil for delivery in October was down by six cents to $93.39, while Brent crude for October eased 24 cents to $102.04 a barrel in late-morning trade 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.