Business Standard

Crude oil futures fall by Rs 30 amid weak trend overseas

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Press Trust of India New Delhi

Crude oil futures Wednesday eased by Rs 30 to Rs 3,147 per barrel as speculators were engaged in reducing their exposure amid a weakening trend overseas.

At the Multi Commodity Exchange, crude for delivery in January was trading lower by Rs 30, or 0.94 per cent, to Rs 3,147 a barrel in a business turnover of 759 lots.

The oil for delivery in February also fell by Rs 29, or 0.9 per cent, to Rs 3,187 a barrel in 25 lots.

Globally, the West Texas Intermediate (WTI) crude was up 1 per cent, to USD 45.85, while Brent crude, the international benchmark rose 1 per cent to USD 54.31 per barrel at the New York Mercantile Exchange.

 

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First Published: Jan 02 2019 | 11:55 AM IST

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