Business Standard

Crude oil futures down 0.91 pc on weak Asian trend


Press Trust of India New Delhi
Crude oil futures eased 0.91 per cent to Rs 5,029 per barrel today as speculators reduced positions amid a weakening trend in Asian markets.
At the Multi Commodity Exchange, crude oil for delivery in July traded down by Rs 46, or 0.91 per cent, to Rs 5,029 per barrel in 3,142 lots.
Oil for August delivery also moved down Rs 35, or 0.70 per cent, to Rs 4,947 per barrel in 70 lots.
Trading sentiment dampened as participants booked profits after recent gains amid a weak trend overseas on concerns about trade frictions between the US and other major economies, analysts said.
Meanwhile, West Texas Intermediate (WTI) crude was trading down 39 cents, or 0.50 per cent, to USD 73.06, while Brent crude eased 31 cents, or 0.40 per cent, to USD 77.54 a barrel on the New York Mercantile Exchange.

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First Published: Jun 29 2018 | 10:55 AM IST

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