Crude oil futures fall on weak global cues

[responsivevoice_button voice="Hindi Female" buttontext="Listen This News"]

Crude oil prices fell by ₹256 to ₹8,660 per barrel in the futures trade on Monday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for October delivery slipped by ₹256, or 2.87 per cent, to ₹8,660 per barrel in a business turnover of 12,220 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude was trading 1.43 per cent lower at $89.81 per barrel, while Brent crude declined 0.82 per cent to $101.41 per barrel in New York.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *