Crude oil futures decline on low demand

Crude oil futures on Wednesday declined by 0.99 percent to Rs 6,575 per barrel as participants trimmed their positions on low demand

PTI

Published:23rd Aug, 2023 at 7:40 PM

New Delhi: Crude oil futures on Wednesday declined by 0.99 percent to Rs 6,575 per barrel as participants trimmed their positions on low demand.

On the Multi Commodity Exchange, crude oil for September delivery fell by Rs 66 or 0.99 percent to Rs 6,575 per barrel with a business volume of 5,432 lots.

Globally, West Texas Intermediate crude oil was trading 0.70 percent lower at USD 79.08 per barrel, and Brent crude was down 0.69 percent at USD 83.45 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 Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Crude oil futures decline on low demand

Crude oil futures on Wednesday declined by 0.99 percent to Rs 6,575 per barrel as participants trimmed their positions on low demand

Also Read

Ghatampur thermal power project fully operational with COD of final 660 MW unit

NLC India emerges preferred bidder for critical mineral block in Telangana

Rajneesh Narain assumes charge as Director (Finance) of IRCTC

DRDO conducts successful flight-test of long range land attack cruise missile

Indian Railways approves Rs 341 crore Kavach expansion projects across Northern and Western Railway zones