Crude oil falls by 0.6% on global cues
Analysts said the fall in crude oil futures is mostly in step with a weakening trend in Asian trade as dealers fretted over a collapse in Greece's debt talks
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Crude oil futures edged lower 0.60% to Rs 3,835 per barrel today in line with a weak trend in Asian trade.
In futures trading, crude oil for delivery in June shed Rs 23, or 0.60%, to Rs 3,835 per barrel, with a business volume of 1,337 lots at Multi Commodity Exchange (MCX).
Oil prices for July delivery moved down Rs 22, or 0.56%, to trade at Rs 3,888 per barrel, with a business volume of 151 lots.
Analysts said the fall in crude oil futures is mostly in step with a weakening trend in Asian trade as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by global sanctions.
Meanwhile, West Texas Intermediate crude oil for delivery in June was down 20 cents to $59.76 while Brent for July eased 37 cents to $63.50 a barrel in mid-morning trade on the New York Mercantile Exchange.
In futures trading, crude oil for delivery in June shed Rs 23, or 0.60%, to Rs 3,835 per barrel, with a business volume of 1,337 lots at Multi Commodity Exchange (MCX).
Oil prices for July delivery moved down Rs 22, or 0.56%, to trade at Rs 3,888 per barrel, with a business volume of 151 lots.
Analysts said the fall in crude oil futures is mostly in step with a weakening trend in Asian trade as dealers fretted over a collapse in Greece's debt talks and a possible return of Iranian supplies disrupted by global sanctions.
Meanwhile, West Texas Intermediate crude oil for delivery in June was down 20 cents to $59.76 while Brent for July eased 37 cents to $63.50 a barrel in mid-morning trade on the New York Mercantile Exchange.
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First Published: Jun 15 2015 | 11:02 AM IST