Comments
Crude oil futures fell Rs 14 to Rs 3,678 per barrel today after participants reduced their exposure in tune with a weak trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in current month shed Rs 14 or 0.38 per cent to Rs 3,678 per barrel with a business volume of 1,362 lots.
Oil prices for far-month February delivery moved down by a similar margin to trade at Rs 3,693 per barrel with a business volume of 29 lots.
Marketmen said the fall in crude oil futures was mostly due to trimming of positions at the futures trade in tandem with a weak trend in Asian markets.
Meanwhile, West Texas Intermediate crude oil was down by 22 cents or 0.38 per cent at $57.14, while Brent fell 23 cents or 0.36 per cent to trade at $63.17 a barrel.
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.