Saturday, March 15, 2025 | 10:23 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Crude oil futures down Rs 22 a barrel on weak global cues

Image

Press Trust of India New Delhi
Crude oil futures fell by Rs 22 to Rs 3,552 per barrel today as speculators cut down their bets positions, tracking overnight weakness in global market.

In futures trading at Multi Commodity Exchange, crude oil for delivery in January was trading Rs 22, or 0.62 per cent lower, at Rs 3,552 per barrel in 750 lots.

Oil for far-month February delivery also moved down by Rs 22, or 0.60 per cent, to Rs 3,624 per barrel in a business volume of 38 lots.

The trading sentiments dampened in futures trade as oil prices sank 3.8 per cent in global market last session as an increase in US drilling offset signs that OPEC members are sticking to planned output cuts, analysts said.
 

Meanwhile, US benchmark crude oil fell USD 3.8 per cent, to close at USD 51.96 a barrel in New York yesterday. Brent crude, which is used to price oil sold internationally, slid USD 2.16, or 3.8 per cent, to close at USD 54.94 a barrel in London.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 10 2017 | 10:48 AM IST

Explore News