Crude oil futures decline amid weak global cues PSUWatch.com
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Crude oil futures decline amid weak global cues

Shares of oil marketing companies, aviation and paint manufacturers going up amid a sharp decline in crude oil prices

PTI

New Delhi: Crude oil price fell by Rs 63 to Rs 7,061 per barrel in the futures trade on Wednesday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for the July delivery slipped by Rs 63, or 0.88 per cent, to Rs 7,061 per barrel in a business turnover of 4,004 lots.

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Also read:Oil marketing companies, aviation stocks extend winning run on drop in crude prices

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market.

Globally, West Texas Intermediate crude oil was trading 1.04 per cent lower at USD 75.26 per barrel, while Brent Crude fell 0.92 per cent to USD 78.23 per barrel in New York.

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