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Crude oil futures fall 0.54 pc on weak global cues

Press Trust of India  |  New Delhi 

futures fell 0.54 per cent to Rs 3,329 per barrel today, in line with a weak trend in Asian trade, as speculators cut down bets.

for delivery in current month was trading lower by Rs 18, or 0.54 per cent, at Rs 3,329 per barrel, with a business volume of 1,337 lots at the Multi Commodity Exchange (MCX).

Also, prices for November shed Rs 17, or 0.50 per cent, at Rs 3,359 per barrel, with a business volume of 85 lots.

Traders said the fall in futures is mostly in tandem with a weak trend in Asian trade and profit-booking at current levels by speculators.

Meanwhile, West Texas Intermediate fell 0.53 per cent, to USD 51.03 and Brent, used to price international oils, was trading 0.54 per cent down at USD 56.63 a barrel.

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

First Published: Thu, October 12 2017. 11:22 IST