Business Standard

Crude oil declines on weak global cues

Prices down on expectations of contagion effect of the Eurozone crisis

Press Trust of India  |  New Delhi 

  • ALSO READ

    Silver down on weak global cues

    Mentha oil falls over 2% on supply pressure

    Cardamom declines on sluggish demand

    Pepper declines on weak export demand

    Turmeric futures fall 2.38% on weak spot demand

prices today fell 0.22% to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.

At the MCX, crude oil for delivery in the June contract declined by Rs 11, or 0.22%, to Rs 5,086 per barrel in a turnover of 5,188 lots.

The July contract moved down by Rs 10, or 0.21%, to Rs 5,031 per barrel in 163 lots.

Analysts said trading sentiments remained weak at futures trade after crude oil prices fell in Asia amid expectations that Europe's sputtering economy will drag on global crude demand.

The July contract on the New York Mercantild Exchange fell 41 cents to $90.35 a barrel.

Crude oil declines on weak global cues

Prices down on expectations of contagion effect of the Eurozone crisis

Crude oil futures prices today fell 0.22% to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.

prices today fell 0.22% to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas.

At the MCX, crude oil for delivery in the June contract declined by Rs 11, or 0.22%, to Rs 5,086 per barrel in a turnover of 5,188 lots.

The July contract moved down by Rs 10, or 0.21%, to Rs 5,031 per barrel in 163 lots.

Analysts said trading sentiments remained weak at futures trade after crude oil prices fell in Asia amid expectations that Europe's sputtering economy will drag on global crude demand.

The July contract on the New York Mercantild Exchange fell 41 cents to $90.35 a barrel.

image