Crude oil prices on Friday fell 0.17 per cent to Rs 4,230 per barrel in futures trade as speculators reduced their holdings amid easing tensions in Middle East region.
On the Multi Commodity Exchange, crude oil for January delivery traded lower by Rs 7, or 0.17 per cent, at Rs 4,230 per barrel in 23,488 lots.
Crude oil for February delivery was down Rs 9, or 0.21 per cent, at Rs 4,234 per barrel with an open interest of 820 lots.
Concerns over US-Iran standoff eased further after US lawmakers introduced a resolution on Thursday aimed at reining in President Donald Trump's ability to take military action against Iran, according to analysts.
Globally, the West Texas Intermediate (WTI) was trading lower by 0.18 per cent at USD 59.45 per barrel.
Meanwhile, Brent crude, the international benchmark, edged lower by 0.12 per cent to USD 65.29 per barrel in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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