Crude oil futures fall on weak global cues
On the Multi Commodity Exchange, crude oil futures for October delivery slipped by ₹256, or 2.87%, to ₹8,660 per barrel in a business turnover of 12,220 lots
Crude oil futures saw a decline of ₹256, reaching ₹8,660 per barrel on Monday, as global market indicators remained subdued. On the Multi Commodity Exchange, October delivery futures for crude oil dropped by ₹256, or 2.87 per cent, in a transaction volume of 12,220 lots. Analysts attributed the price decrease to traders selling off their positions due to a lack of demand in the spot market.
Internationally, West Texas Intermediate crude oil was down 1.43 per cent at $89.81 per barrel, while Brent crude experienced a 0.82 per cent reduction to $101.41 per barrel in New York.
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