 "Crude oil down 1.7% on weak Asian cues")
Crude oil futures dipped 1.72% to Rs 5,193 per barrel today after speculators reduced exposures amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in current month fell by Rs 91, or 1.72%, to Rs 5,193 per barrel in 2,591 lots.
Oil for November delivery moved down by Rs 84, or 1.58%, to Rs 5,184 per barrel with a turnover of 230 lots.
Meanwhile, West Texas Intermediate crude oil for November delivery shed 94 cents to USD 84.87 a barrel, which is weakest in the last two years.
Likewise, Brent crude lost 96 cents to a four-year low of USD 89.25 in mid-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in current month fell by Rs 91, or 1.72%, to Rs 5,193 per barrel in 2,591 lots.
Oil for November delivery moved down by Rs 84, or 1.58%, to Rs 5,184 per barrel with a turnover of 230 lots.
Also Read
The sentiment turned weak in futures trade, largely in line with a weak trend in Asian markets on growing concerns about demand as equities tumbled on global growth woes and increase in supplies, analysts said.
Meanwhile, West Texas Intermediate crude oil for November delivery shed 94 cents to USD 84.87 a barrel, which is weakest in the last two years.
Likewise, Brent crude lost 96 cents to a four-year low of USD 89.25 in mid-morning trade 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%