Comments
Crude oil futures prices fell 0.18 per cent to ₹6,072 per barrel today amid a mixed trend in Asian trade weighed down by concerns over weak manufacturing data from the US and China.
On the Multi Commodity Exchange, crude oil for delivery in February fell ₹11 or 0.18 per cent to ₹6,072 per barrel in 748 lots.
Similarly, the oil for March delivery moved down by ₹9 or 0.15 per cent to ₹6,065 per barrel in a turnover of 62 lots.
Market analysts said that a mixed trend in Asian trade amid concerns over weak manufacturing data from the US and China, the world’s top two economies, mainly put pressure on crude futures here.
Meanwhile, crude oil for March delivery gained 21 cents to $96.64 a barrel in mid-morning trade on the New York Mercantile Exchange. Brent North Sea crude eased six cents to $105.98.
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.