Crude oil fell by ₹6 to ₹8,331 per barrel in the futures trade on Wednesday, amid weak global trends, as concerns about oversupply weighed on prices.
Crude Oil Futures Fall On Weak Global Cues
On the Multi Commodity Exchange, crude oil futures for the May delivery slipped by Rs 6, or 0.07%, to Rs 8,331 per barrel in a business turnover of 6,119 lots
Crude Oil Futures Fall On Weak Global Cues Crystal Petroleum
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On the Multi Commodity Exchange, crude oil futures for the May delivery slipped by ₹6, or 0.07%, to ₹8,331 per barrel in a business turnover of 6,119 lots.
Analysts said prices fell after participants offloaded their holdings amid weak demand in the spot market.
Globally, West Texas Intermediate crude oil was trading 0.81% lower at $90.57 per barrel, while Brent Crude fell 0.14% to $94.66 per barrel in New York.