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Crude oil futures fall 0.80 pc on weak global cues

Press Trust of India  |  New Delhi 

Continuing its slide, oil futures fell by another 0.80 per cent, to Rs 4,572 per

on Monday as speculators indulged in trimming their holdings in line with a weak trend in the Asian trade.

oil for delivery in November was trading lower by Rs 37, or 0.80 per cent, to Rs 4,572 per with a business volume of 2,093 lots at (MCX).

Also, for 35, or 0.76 per cent to Rs 4,598 per barrel, with a business volume of 247 lots.

Traders said persistent fall in oil at futures market is largely in sync with a weak trend overseas on higher supply from world's major crude producers and profit-booking by participants.

Meanwhile, Intermediate fell 0.70 per cent, to USD 62.70 and Brent was trading 0.55 per cent down at USD 72.43 a

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

First Published: Mon, November 05 2018. 12:35 IST