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Crude oil futures fall 0.43% on weak global cues

Press Trust of India  |  New Delhi 

futures fell 0.43 per cent to Rs 3,704 per barrel today, in line with a weak trend in Asian trade, as speculators cut down their bets.

for delivery in current month was trading lower by Rs 16, or 0.43 per cent, at Rs 3,704 per barrel, with a business volume of 2,159 lots at Multi Commodity Exchange (MCX).

Also, prices for December shed Rs 15, or 0.40 per cent, at Rs 3,728 per barrel, with a business volume of 116 lots.

Traders said the fall in futures is mostly in tandem with a weak trend overseas and participants cutting down their holdings at current levels.

Meanwhile, West Texas Intermediate fell 13 cents, or 0.23 per cent, to USD 56.63 and Brent was trading 21 cents, or 0.33 per cent down at USD 62.95 a barrel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 14 2017. 10:57 IST