 "Crude oil down 0.7% on Asian cues")
Crude oil prices declined by 0.69% to Rs 4,781 per barrel in futures trading today as speculators reduced exposures amid a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in November was trading down by Rs 33, or 0.69%, to Rs 4,781 per barrel in a business turnover of 5,453 lots.
Likewise, the oil for delivery in December shed Rs 31, or 0.64%, to Rs 4,809 per barrel in 222 lots.
Meanwhile, West Texas Intermediate for December delivery dropped 28 cents to USD 77.63 while Brent crude for December fell 40 cents to USD 82.46 in late-morning trade.
At the Multi Commodity Exchange, crude oil for delivery in November was trading down by Rs 33, or 0.69%, to Rs 4,781 per barrel in a business turnover of 5,453 lots.
Likewise, the oil for delivery in December shed Rs 31, or 0.64%, to Rs 4,809 per barrel in 222 lots.
Also Read
Analysts said the trading sentiment weakened at futures trade after crude oil prices edged lower in Asian markets today after the OPEC oil cartel slashed its longer-term global demand outlook. A stronger dollar also weighed on the sentiments.
Meanwhile, West Texas Intermediate for December delivery dropped 28 cents to USD 77.63 while Brent crude for December fell 40 cents to USD 82.46 in late-morning trade.
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%