Crude oil fall 0.3% on global cues
Marketmen said the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade
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Crude oil futures declined by 0.34% to Rs 4,122 per barrel today in line with a weak trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in current month shed Rs 14, or 0.34%, to Rs 4,122 per barrel, with a business volume of 1,189 lots.
Oil prices for January 2015 contracts moved down by Rs 13, or 0.31%, to Rs 4,156 per barrel, with a business volume of 79 lots.
Marketmen said the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade.
This was after major producer Saudi Arabia slashed the price of the crude that it sells to Asia and the United States.
Meanwhile, West Texas Intermediate crude oil for delivery in January was down by 31 cents to $66.50 a barrel, while Brent for January dropped 38 cents to $69.26 a barrel in late-morning trade on the New York Mercantile Exchange.
At the Multi Commodity Exchange, crude oil for delivery in current month shed Rs 14, or 0.34%, to Rs 4,122 per barrel, with a business volume of 1,189 lots.
Oil prices for January 2015 contracts moved down by Rs 13, or 0.31%, to Rs 4,156 per barrel, with a business volume of 79 lots.
Marketmen said the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade.
This was after major producer Saudi Arabia slashed the price of the crude that it sells to Asia and the United States.
Meanwhile, West Texas Intermediate crude oil for delivery in January was down by 31 cents to $66.50 a barrel, while Brent for January dropped 38 cents to $69.26 a barrel in late-morning trade on the New York Mercantile Exchange.
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First Published: Dec 05 2014 | 12:00 PM IST