Business Standard

Sunday, January 19, 2025 | 05:01 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Crude oil futures ease on low demand

Image

Press Trust of India New Delhi

Crude oil futures fell 0.13 per cent to Rs 3,740 per barrel on Wednesday after speculators booked profits at existing levels amid subdued spot demand.

Crude oil for delivery in October was trading lower by Rs 5, or 0.13 per cent, to Rs 3,740 per barrel with a business volume of 27,010 lots on the Multi Commodity Exchange (MCX).

The oil for delivery in November, however, was up by Re 1, or 0.03 per cent, to Rs 3,760 per barrel in 483 lots.

Meanwhile, the global benchmark Brent was down by 0.17 per cent at USD 58.14 per barrel, while West Texas Intermediate dipped 0.25 per cent at USD 52.50.

 

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: Oct 09 2019 | 1:35 PM IST

Explore News