 "Crude oil futures down on weak Asian cues")
Crude oil futures prices today fell by 0.44% to Rs 5,638 per barrel, as speculators trimmed positions amid a weakening trend in the Asian trade on profit-booking.
At the Multi Commodity Exchange, crude oil for delivery in June shed Rs 25, or 0.44 %, to Rs 5,638 per barrel in 5,780 lots.
Similarly, oil for July delivery moved down by Rs 24, or 0.42 %, to Rs 5,668 per barrel in 1,343 lots.
The trading sentiment eased at futures trade as crude oil prices declined in Asian trade after investors took pOilrofits following last week's rally triggered by concerns over rising tensions in the Middle East, analysts said.
Meanwhile, crude oil for the April delivery dropped 19 cents to $97.66 a 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 →*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
SAVE 25%