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Crude oil futures plunge 0.97 pc on weak overseas trend

Press Trust of India  |  New Delhi 

futures fell by 0.97 per cent to Rs 3,165 per barrel today as speculators reduced positions amid a weakening trend in

At the Multi Commodity Exchange, for delivery in March was trading Rs 31 down, or 0.97 per cent lower, at Rs 3,165 per barrel in 3,406 lots.


for April delivery also moved down Rs 26, or 0.80 per cent lower to Rs 3,219 per barrel in 1,229 lots.

Traders said, the trading sentiment dampened futures trade after prices dropped in

Meanwhile, West Texas Intermediate (WTI) crude was down 35 cents, to USD 48.43, while Brent crude, used to price international oils, lost 24 cents to USD 51.52 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: Mon, March 20 2017. 12:13 IST
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