Crude oil futures fell 0.15 per cent to Rs 3,891 per barrel on Friday in line with weak trends in overseas markets.
Crude oil contracts for July delivery traded lower by Rs 6, or 0.15 per cent, at Rs 3,891 per barrel with a business volume of 20,446 lots on Multi Commodity Exchange (MCX).
Analysts said the fall in oil prices was mostly in tune with a weak trend in global market, where it slipped due to a jump in US crude inventories amid slackening demand.
Meanwhile, West Texas Intermediate was down 1.06 per cent to USD 56.73, while global benchmark Brent was down 0.02 per cent to USD 63.29 a barrel.
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