Commodities Update: Crude oil futures decline on low demand
On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots.
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On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots. Source- Pexels
Crude oil futures on Friday declined 0.2 per cent to Rs 6,384 per barrel as participants trimmed their positions on low demand.
On the Multi Commodity Exchange, crude oil for June delivery fell Rs 13 or 0.2 per cent to Rs 6,384 per barrel with a business volume of 8,688 lots.
Globally, West Texas Intermediate crude oil traded 0.42 per cent lower at $76.55 per barrel, while Brent crude was trading 0.37 per cent lower at $81.06 per barrel in New York.
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