Crude oil prices declined by Rs 20 to Rs 5,013 per barrel in futures market today as speculators indulged in off-loading their positions, tracking a weak trend in overseas markets.
At the Multi Commodity Exchange, November crude oil fell by Rs 20, or 0.40%, to Rs 5,013 per barrel, with a business turnover of 8,090 lots.
The December contract lost Rs 17, or 0.34%, to Rs 5,012 per barrel, with a business turnover of 2,936 lots.
Market analysts said the fall in crude oil prices at futures trade was mostly due to a weak trend in Asia amid forecasts of a stockpile rise.
Meanwhile, crude oil prices for delivery in December fell by 72 cents to $98.65 per barrel on the New York Mercantile Exchange.
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