Business Standard

Crude oil futures soften by 0.46 pc


Press Trust of India New Delhi
Crude oil futures declined by 0.46 per cent to Rs 3,888 per barrel as speculators cut bets to take profits off the table despite strong global cues.
At the Multi Commodity Exchange, crude oil for delivery in February contracts fell by Rs 18, or 0.46 per cent, to Rs 3,888 per barrel with a business turnover of 14,041 lots.
Analysts said domestic sentiments turned weak despite oil prices rose in global markets and on account of profit-booking by speculators at current levels.
However, globally, West Texas Intermediate (WTI) crude oil strengthened by 0.70 per cent to USD 54.61 a barrel, while Brent, the international benchmark, rose 0.86 per cent to USD 62.23 a barrel.

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First Published: Jan 31 2019 | 12:05 PM IST

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