Crude oil futures declined 0.1 per cent to Rs 5,948 per barrel today in line with a weak trend in Asian trade.
On the Multi Commodity Exchange, crude oil for delivery in November shed Rs 6 or 0.1 per cent to Rs 5,948 per barrel with a business volume of 765 lots.
Similarly, the oil prices for December delivery moved down by Rs 3 or 0.05 per cent to Rs 5,999 per barrel with a business volume of 46 lots.
Marketmen said that the fall in crude oil futures was mostly in line with a weak trend in Asia after the US Federal Reserve kept its stimulus programme unchanged but gave a rosier-than-expected summary of the economy that fuelled rumours it will start winding down soon.
Meanwhile, crude oil for delivery in December was down by 20 cents to $96.57 a barrel 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.