Business Standard

Crude oil futures fall 0.19% on global cues

Image

Press Trust of India New Delhi
Crude oil futures declined by 0.19 per cent to Rs 5,688 per barrel today in line with a weak trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in September shed Rs 11, or 0.19 per cent, to Rs 5,688 per barrel, with a business volume of 881 lots.

Oil prices for October delivery moved down by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 45 lots.

Marketmen said the fall in crude oil futures was mostly in tandem with a weakening trend in Asian trade on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.
 

Meanwhile, West Texas Intermediate crude oil for delivery in October was down by six cents to USD 93.39 while Brent for October eased 24 cents to USD 102.04 a barrel in late-morning trade on the New York Mercantile Exchange.

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

First Published: Aug 21 2014 | 12:20 PM IST

Explore News