Crude oil futures down on mixed Asian cues
Speculators trimmed positions amid a mixed trend in Asian trade
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Crude oil futures fell 1.03% to Rs 2,969 per barrel today as speculators trimmed positions amid a mixed trend in Asian trade.
Crude oil for delivery in September at Multi Commodity Exchange traded down Rs 31, or 1.03%, at Rs 2,969 per barrel in 4,582 lots.
Similarly, oil for October delivery moved down by Rs 28, or 0.92%, to Rs 3,029 per barrel in 529 lots.
The trading sentiment eased in futures trade largely in tune with a mixed trend in Asian trade today ahead of a US interest rate decision, with weak demand in an oversupplied market keeping a lid on any gains, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for October delivery was up 5 cents to $44.68 while Brent for October fell 16 cents to $47.98 a barrel in late-morning trade at the New York Mercantile Exchange.
Crude oil for delivery in September at Multi Commodity Exchange traded down Rs 31, or 1.03%, at Rs 2,969 per barrel in 4,582 lots.
Similarly, oil for October delivery moved down by Rs 28, or 0.92%, to Rs 3,029 per barrel in 529 lots.
The trading sentiment eased in futures trade largely in tune with a mixed trend in Asian trade today ahead of a US interest rate decision, with weak demand in an oversupplied market keeping a lid on any gains, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude for October delivery was up 5 cents to $44.68 while Brent for October fell 16 cents to $47.98 a barrel in late-morning trade at the New York Mercantile Exchange.
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First Published: Sep 14 2015 | 11:13 AM IST