Crude oil futures down 0.4% on weak Asian cues

Prices fell as speculators trimmed positions

Press Trust of India New Delhi
Last Updated : Apr 18 2013 | 2:15 PM IST
Crude oil futures for April fell by Rs 17 or 0.36%, to Rs 4,684 per barrel in 8,851 lots.     

At the Multi Commodity Exchange (MCX), the May contracts moved down by Rs 16, or 0.34%, to Rs 4,721 per barrel in 2,455 lots.

Prices fell as speculators trimmed positions.

Also Read

Trading sentiment remained weak as prices declined in Asian trade on slowing Chinese growth amid concerns over weaker global energy demand.

On the New York Mercantile Exchange (NYMEX), the May contract shed 14 cents to $86.54 a barrel.
*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: Apr 18 2013 | 2:14 PM IST

Next Story