Crude oil down 0.1% on global cues

Oil prices for December delivery moved down by 0.05%

<a href="http://www.shutterstock.com/pic-33742723/stock-photo-many-barrels-of-oil-on-a-white-background.html?src=4E5JmKDWXyFhy3gm4lyKlQ-1-32" target="_blank">Crude Oil</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Oct 31 2013 | 1:48 PM IST
Crude oil futures declined by 0.10% to Rs 5,948 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in November shed Rs 6, or 0.10%, to Rs 5,948 per barrel, with a business volume of 765 lots.

Oil prices for December delivery moved down by Rs 3, or 0.05%, to Rs 5,999 per barrel, with a business volume of 46 lots.

Also Read

Marketmen said the fall in crude oil futures prices was mostly in line with a weakening trend in Asia after the US Federal Reserve kept its stimulus programme unchanged but gave a rosier than expected summary of the economy that fuelled rumours it will start winding down soon.

Meanwhile, crude oil for delivery in December was down by 20 cents to $96.57 a barrel on the New York Mercantile Exchange.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 31 2013 | 1:45 PM IST

Next Story