Comments
Crude oil futures prices fell 0.39 per cent to Rs 5,623 per barrel today, as speculators reduced their exposure amid a weak trend in the Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in October was down by Rs 22 or 0.39 per cent to Rs 5,623 per barrel in 1,159 lots.
Similarly, the oil for September delivery moved down by Rs 20 or 0.35 per cent to trade at Rs 5,652 per barrel in a volume of 1,614 lots.
Analysts said the trading sentiment was weak at the futures trade after oil prices edged lower in Asia under pressure from a supply glut and a strengthening US dollar.
Meanwhile, West Texas Intermediate (WTI) crude oil for October delivery was down 20 cents at $92.87 a barrel, while Brent North Sea crude eased 15 cents to $97.55 per barrel in mid-morning trade on the New York Mercantile Exchange.
Comments
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.