Crude oil futures prices dipped 2.69 per cent to Rs 6,735 per barrel today, as speculators trimmed positions amid a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in September fell Rs 186 or 2.69 per cent to Rs 6,735 per barrel in 8,496 lots. Similarly, the oil for delivery in October moved down by Rs 186 or 2.68 per cent to Rs 6,750 per barrel in 927 lots.
Trading sentiment eased at the futures trade as crude oil fell after a US-Russia deal on Syria’s chemical weapons averted a potential Western military strike on the Assad regime, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for October delivery eased 82 cents to $107.39 a barrel on the New York Mercantile Exchange today.
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.