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Crude oil futures fall 0.75 pc on weak global cues

Press Trust of India  |  New Delhi 

futures fell 0.75 per cent to Rs 3,191 per barrel today, in line with a weak trend in Asian trade, as speculators cut down bets.

for delivery in the current month was trading lower by Rs 24, or 0.75 per cent, at Rs 3,191 per barrel, with a business volume of 2,189 lots at the Multi Commodity Exchange (MCX).


Also, prices for October delivery were down by Rs 22, or 0.68 per cent lower, at Rs 3,229 per barrel, with a business volume of 181 lots.

Analysts said the fall in futures is mostly in tune with a weak trend in Asian trade and profit-booking by speculators.

Globally, West Texas Intermediate fell 17 cents, or 0.34 per cent, to USD 49.72 while Brent was trading lower by 19 cents, or 0.34 per cent, to USD 55.28 a barrel on the New York Mercantile Exchange.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 11:32 IST
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