Crude oil futures decline on low demand

Crude oil futures on Monday declined by 0.45 per cent to Rs 6,828 per barrel as participants trimmed their positions on low demand

PTI

Published:7th Aug, 2023 at 3:05 PM

New Delhi: Crude oil futures on Monday declined by 0.45 per cent to Rs 6,828 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for August delivery fell by Rs 31 or 0.45 per cent to Rs 6,828 per barrel with a business volume of 9,741 lots.

Globally, West Texas Intermediate crude oil was trading 0.11 per cent lower at USD 82.73 per barrel, and Brent crude was down 0.12 per cent to USD 86.14 per barrel in New York.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)

Crude oil futures decline on low demand

Crude oil futures on Monday declined by 0.45 per cent to Rs 6,828 per barrel as participants trimmed their positions on low demand

Also Read

Ebola Virus: DGCA asks airlines make in-flight announcements, take other measures

CONCOR’s FY26 profit dips 3.9% despite revenue growth; board declares dividend payout

BSNL revenue rises despite cheaper tariff than private telcos: MoS Telecom

WCL unveils first-ever corporate logo and new identity

NLC signs MoU with NPCIL for nuclear power projects