Crude oil futures fall 0.20% on weak global cues 05/11/2018
Crude oil futures fall 0.20% on weak global cues
05/11/2018 13:23
Crude oil futures were trading lower in the domestic market on Monday as speculators indulged in trimming their holdings in line with a weak trend in the Asian trade.
Traders said persistent fall in crude oil at futures market is largely in sync with a weak trend overseas on higher supply from world's major crude producers and profit-booking by participants.
At the MCX, crude oil futures for November 2018 contract was trading at Rs 4600.00 per barrel, down by 0.20 per cent, after opening at Rs 4606.00, against a previous close of Rs 4609.00. It touched an intra-day low of Rs 4567 (at 13:25 hours).
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Crude oil futures fall 0.20% on weak global cues
05/11/2018 13:23
Crude oil futures were trading lower in the domestic market on Monday as speculators indulged in trimming their holdings in line with a weak trend in the Asian trade.
Traders said persistent fall in crude oil at futures market is largely in sync with a weak trend overseas on higher supply from world's major crude producers and profit-booking by participants.
At the MCX, crude oil futures for November 2018 contract was trading at Rs 4600.00 per barrel, down by 0.20 per cent, after opening at Rs 4606.00, against a previous close of Rs 4609.00. It touched an intra-day low of Rs 4567 (at 13:25 hours).
