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.
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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app